Dennis E. Hruby - Jul 1, 2024 Form 4 Insider Report for SIGA TECHNOLOGIES INC (SIGA)

Role
EVP & Chief Scientific Officer
Signature
/s/ Dennis E. Hruby
Stock symbol
SIGA
Transactions as of
Jul 1, 2024
Transactions value $
-$79,026
Form type
4
Date filed
7/3/2024, 05:19 PM
Previous filing
May 12, 2023

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 $0 +32.3K +21.88% $0.00 180K Jul 1, 2024 Direct
transaction SIGA Common Stock, par value $.0001 per share Tax liability -$79K -10.5K -5.82% $7.55 169K Jul 1, 2024 Direct F1

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 -32.3K -50% $0.00 32.3K Jul 1, 2024 Common Stock, par value $.0001 per share 32.3K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the withholding by SIGA Technologies, Inc. of shares of Common Stock (based on $7.55 per share, the closing stock price on July 1, 2024) to satisfy tax withholding obligations associated with the vesting of restricted stock units ("RSUs") and the consequent issuance of Common Stock.
F2 RSUs represent contingent rights to receive Common Stock on a one-for-one basis. The RSUs were granted on May 11, 2023 and vest over two years, with the first 1/2 of such RSUs vesting on July 1, 2024 and the remaining 1/2 of such RSUs vesting on July 1, 2025.