Jay Varma - 11 Jun 2024 Form 4 Insider Report for SIGA TECHNOLOGIES INC (SIGA)

Role
EVP & Chief Medical Officer, Director
Signature
/s/ Kevin Buckley, as Attorney-in-Fact
Issuer symbol
SIGA
Transactions as of
11 Jun 2024
Net transactions value
-$58,274
Form type
4
Filing time
13 Jun 2024, 16:28:00 UTC
Previous filing
15 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SIGA Common Stock, par value $.0001 per share Options Exercise +24,712 24,712 11 Jun 2024 Direct F1
transaction SIGA Common Stock, par value $.0001 per share Disposed to Issuer $58,274 -7,414 -30% $7.86 17,298 11 Jun 2024 Direct F2

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 SIGA Restricted Stock Units Options Exercise $0 -24,712 -100% $0.000000* 0 11 Jun 2024 Common Stock, par value $.0001 per share 24,712 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") represent contingent rights to receive common stock of SIGA Technologies, Inc. (the "Company") on a one-for-one basis.
F2 Reflects RSUs that were cash-settled, per the terms of the compensation program for Board Directors and as noted on the Form 4 filed on June 15, 2023. Partial cash-settlement of RSUs under the Board compensation program is designed to address tax obligations in connection with the vesting of RSUs.
F3 The RSUs were granted on June 13, 2023, and fully vested on the date of the Company's 2024 annual meeting of stockholders.