Brian J. Lynch - Dec 4, 2023 Form 4 Insider Report for MADRIGAL PHARMACEUTICALS, INC. (MDGL)

Signature
/s/ Brian J. Lynch
Stock symbol
MDGL
Transactions as of
Dec 4, 2023
Transactions value $
-$388,114
Form type
4
Date filed
12/6/2023, 04:30 PM
Previous filing
Dec 1, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDGL Common Stock Options Exercise $59K +800 +5.33% $73.75 15.8K Dec 4, 2023 Direct F1
transaction MDGL Common Stock Options Exercise $87.1K +1K +6.33% $87.09 16.8K Dec 4, 2023 Direct F2
transaction MDGL Common Stock Sale -$173K -800 -4.76% $215.73 16K Dec 4, 2023 Direct
transaction MDGL Common Stock Sale -$221K -1K -6.25% $221.38 15K Dec 4, 2023 Direct
transaction MDGL Common Stock Options Exercise $87.1K +1K +6.67% $87.09 16K Dec 5, 2023 Direct F2
transaction MDGL Common Stock Sale -$227K -1K -6.25% $227.33 15K Dec 5, 2023 Direct
holding MDGL Common Stock 530 Dec 4, 2023 In IRA

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 MDGL Stock Option (Right to Buy) Options Exercise $0 -800 -3.81% $0.00 20.2K Dec 4, 2023 Common Stock 1K $73.75 Direct F1
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -1K -2.22% $0.00 44K Dec 4, 2023 Common Stock 1K $87.09 Direct F2
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -1K -2.27% $0.00 43K Dec 5, 2023 Common Stock 800 $87.09 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All shares issued pursuant to the exercise of this option represent 800 shares underlying an overall option award of 25,000 shares. All exercised options had vested. As to the overall option for 25,000 shares, 25% of the shares underlying the option vested on August 10, 2023 and, thereafter, 6.25% of the shares vested, or will vest, on the last day of each successive three-month period, provided the Reporting Person continues in service with the Issuer on each such date.
F2 All shares issued pursuant to the exercise of this option represent 2,000 shares underlying an overall option award of 45,000 shares. All exercised options had vested. As to the overall option for 45,000 shares, 25% of the shares underlying the option vested on February 22, 2023 and, thereafter, 6.25% of the shares vested, or will vest, on the last day of each successive three-month period, provided the Reporting Person continues in service with the Issuer on each such date.