TODD E. SIMPSON - 16 Feb 2023 Form 4 Insider Report for Seagen Inc.

Signature
By: /s/ Jennifer Prosba For: Todd E Simpson
Issuer symbol
N/A
Transactions as of
16 Feb 2023
Net transactions value
-$4,827,514
Form type
4
Filing time
21 Feb 2023, 18:35:49 UTC
Previous filing
01 Sep 2022
Next filing
28 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Options Exercise $1,563,886 +39,946 +29% $39.15 177,131 16 Feb 2023 Direct F1
transaction SGEN Common Stock Sale $6,391,400 -39,946 -23% $160.00 137,185 16 Feb 2023 Direct F1, F2, F3

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 -39,946 -100% $0.000000* 0 16 Feb 2023 Common Stock 39,946 $39.15 Direct F4
* 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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F3 Reflects sales of common stock executed in multiple transactions at prices ranging from $160.00 to $160.16. 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.
F4 Options vested at a rate of 25% on 8/25/2016 and monthly thereafter until all the options were fully vested on 8/25/19.