Saqib Islam - 03 Jun 2024 Form 4 Insider Report for SpringWorks Therapeutics, Inc. (SWTX)

Signature
/s/ Francis I. Perier, Jr. as Attorney-in Fact
Issuer symbol
SWTX
Transactions as of
03 Jun 2024
Net transactions value
-$1,955,113
Form type
4
Filing time
05 Jun 2024, 16:08:37 UTC
Previous filing
23 May 2024
Next filing
24 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWTX Common Stock Sale $1,309,666 -33,240 -2.9% $39.40 1,128,128 03 Jun 2024 Direct F1, F2, F6
transaction SWTX Common Stock Sale $355,363 -8,760 -0.78% $40.57 1,119,368 03 Jun 2024 Direct F1, F3
transaction SWTX Common Stock Sale $273,247 -6,600 -0.59% $41.40 1,112,768 03 Jun 2024 Direct F1, F4
transaction SWTX Common Stock Sale $16,837 -400 -0.04% $42.09 1,112,368 03 Jun 2024 Direct F1, F5
* 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 The sales reported on this Form 4 were effected pursuant to a trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, adopted on February 29, 2024.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.02 to $40.0147. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.02 to $41.00. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.0332 to $42.02. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.09 to $42.10. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F6 Due to an administrative error, the prior Form 4 underreported total ownership by 905,104 shares, but total ownership has been corrected in this Form 4. No reportable transaction was omitted from such filing.

Remarks:

On December 1, 2023, a Form 4 was filed on behalf of the Reporting Person that mistakenly underreported ownership by 905,104 shares, which discrepancy was carried forward to the Form 4 filed on January 8, 2024. No reportable transaction was omitted from such Form 4 filing. This remark serves to reconcile the inconsistency in the total amount reported under Colum 5 of Table I between (i) the Form 4s filed on December 1, 2023 and January 8, 2024 and (ii) this Form 4 filed on June 5, 2024.