Daniel G. Welch - Aug 28, 2023 Form 4 Insider Report for Seagen Inc. (SGEN)

Role
Director
Signature
By: /s/ Jennifer Prosba For: Daniel G. Welch
Stock symbol
SGEN
Transactions as of
Aug 28, 2023
Transactions value $
-$783,951
Form type
4
Date filed
8/29/2023, 06:22 PM
Previous filing
Aug 4, 2023
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Options Exercise $246K +1.81K +21.84% $135.63 10.1K Aug 28, 2023 Direct F1
transaction SGEN Common Stock Sale -$314K -1.5K -14.87% $209.16 8.61K Aug 28, 2023 Direct F1, F2, F3
transaction SGEN Common Stock Sale -$379K -1.81K -21.06% $209.01 6.79K Aug 28, 2023 Direct F1, F2, F4
transaction SGEN Common Stock Sale -$337K -1.61K -13.05% $209.08 10.7K Aug 28, 2023 by Trust F1, F2, F5

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 -1.81K -100% $0.00* 0 Aug 28, 2023 Common Stock 1.81K $135.63 Direct F6
* 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 Sales reported in this Form 4 were effected pursuant to written plans, entered into on September 7, 2022, that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
F3 Reflects sales of common stock executed in multiple transactions at prices ranging from $209.06 to $209.25. 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 Reflects sales of common stock executed in multiple transactions at prices ranging from $208.92 to $209.21. 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.
F5 Reflects sales of common stock executed in multiple transactions at prices ranging from $208.92 to $209.25. 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.
F6 Options vested in full on 5/13/23.