DANIEL G. WELCH - 01 May 2023 Form 4 Insider Report for Seagen Inc.

Role
Director
Signature
By: /s/ Jennifer Prosba For: Daniel G. Welch
Issuer symbol
N/A
Transactions as of
01 May 2023
Net transactions value
-$3,823,058
Form type
4
Filing time
03 May 2023, 21:16:11 UTC
Previous filing
12 Apr 2023
Next filing
17 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Options Exercise $331,557 +5,150 +75% $64.38 12,049 01 May 2023 Direct F1
transaction SGEN Common Stock Sale $1,030,206 -5,150 -43% $200.04 6,899 01 May 2023 Direct F1, F2, F3
transaction SGEN Common Stock Options Exercise $112,972 +1,990 +29% $56.77 8,889 01 May 2023 Direct F1
transaction SGEN Common Stock Sale $398,239 -1,990 -22% $200.12 6,899 01 May 2023 Direct F1, F2, F4
transaction SGEN Common Stock Sale $59,018 -295 -4.3% $200.06 6,604 01 May 2023 Direct F1, F2, F5
transaction SGEN Common Stock Sale $978,293 -4,890 -21% $200.06 18,170 01 May 2023 by Trust F2, F6
transaction SGEN Common Stock Options Exercise $121,549 +1,888 +29% $64.38 8,492 02 May 2023 Direct F1
transaction SGEN Common Stock Sale $377,694 -1,888 -22% $200.05 6,604 02 May 2023 Direct F1, F2, F7
transaction SGEN Common Stock Options Exercise $508,406 +3,171 +48% $160.33 9,775 02 May 2023 Direct F1
transaction SGEN Common Stock Sale $634,359 -3,171 -32% $200.05 6,604 02 May 2023 Direct F1, F2, F8
transaction SGEN Common Stock Options Exercise $510,645 +3,462 +52% $147.50 10,066 02 May 2023 Direct F1
transaction SGEN Common Stock Sale $692,746 -3,462 -34% $200.10 6,604 02 May 2023 Direct F1, F2, F9
transaction SGEN Common Stock Sale $70,225 -351 -5.3% $200.07 6,253 02 May 2023 Direct F1, F2, F10
transaction SGEN Common Stock Sale $1,167,408 -5,835 -32% $200.07 12,335 02 May 2023 by Trust F2, F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -1,990 -100% $0.000000* 0 01 May 2023 Common Stock 1,990 $56.77 Direct F11
transaction SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -5,150 -73% $0.000000 1,888 01 May 2023 Common Stock 5,150 $64.38 Direct F12
transaction SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -1,888 -100% $0.000000* 0 02 May 2023 Common Stock 1,888 $64.38 Direct F12
transaction SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,171 -100% $0.000000* 0 02 May 2023 Common Stock 3,171 $160.33 Direct F13
transaction SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,462 -100% $0.000000* 0 02 May 2023 Common Stock 3,462 $147.50 Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.
F2 Sales reported in this Form 4 were effected pursuant to written plans, entered into on September 7, 2022, that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
F3 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.02 to $200.06. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F4 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.03 to $200.41. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F5 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.02 to $200.41. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F6 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.02 to $200.43. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F7 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.04 to $200.05. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F8 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.04 to $200.08. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F9 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.05 to $200.16. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F10 Reflects sales of common stock executed in multiple transactions at prices ranging from $200.04 to $200.16 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F11 Options vested in full on 5/18/19.
F12 Options vested in full on 5/20/20.
F13 Options vested in full on 5/15/21.
F14 Options vested in full on 5/14/22.