Jean I. Liu - Nov 17, 2022 Form 4 Insider Report for Seagen Inc. (SGEN)

Role
Chief Legal Officer
Signature
By: /s/ Jennifer Prosba For: Jean Liu
Stock symbol
SGEN
Transactions as of
Nov 17, 2022
Transactions value $
-$807,068
Form type
4
Date filed
11/18/2022, 06:53 PM
Previous filing
Nov 16, 2022
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Options Exercise $285K +8.33K +9.72% $34.20 94K Nov 17, 2022 Direct F1
transaction SGEN Common Stock Sale -$1.09M -8.33K -8.86% $131.05 85.7K Nov 17, 2022 Direct F1, 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 SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -8.33K -100% $0.00* 0 Nov 17, 2022 Common Stock 8.33K $34.20 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.
F2 Reflects sales of common stock executed in multiple transactions at prices ranging from $130.931 to $131.540. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F3 Options vested at a rate of 25% on each anniversary of the vesting commencement date of March 20, 2018 until all options were fully vested four years from the vesting commencement date.