| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | SGEN | Common Stock | 119K | Apr 5, 2023 | Direct | F1, F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This amendment to the Form 4 originally filed on April 7, 2023 is being filed solely to check the Rule 10b5-1(c) Transaction Indication box and provide related disclosure. The sale reported on this Form 4 was effected pursuant to a written plan, adopted on May 5, 2020, that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. |
| F2 | Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting. |