Cato T. Laurencin - Feb 15, 2024 Form 4 Insider Report for Alkermes plc. (ALKS)

Role
Director
Signature
/s/ Jeffrey Geary, attorney-in-fact for Cato T. Laurencin
Stock symbol
ALKS
Transactions as of
Feb 15, 2024
Transactions value $
-$25,098
Form type
4
Date filed
2/16/2024, 04:01 PM
Previous filing
Dec 12, 2023
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALKS Ordinary Shares Options Exercise $60.6K +2.69K +17.73% $22.52 17.9K Feb 15, 2024 Direct F1
transaction ALKS Ordinary Shares Sale -$85.7K -2.69K -15.06% $31.85 15.2K Feb 15, 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 ALKS Non Qualified Stock Option (Right to Buy) Options Exercise $0 -2.69K -12.5% $0.00 18.8K Feb 15, 2024 Ordinary Shares 2.69K $22.52 Direct F1, F2
* 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 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/26/2023.
F2 Shares subject to the stock option award vest in three equal annual installments commencing on 12/8/2022.

Remarks:

EXHIBIT LIST: Exhibit 24.1 - Power of Attorney