David R. Epstein - Nov 10, 2023 Form 4 Insider Report for Seagen Inc. (SGEN)

Role: CEO, Director
Signature: By: /s/ Jennifer Prosba For: David R. Epstein
Stock symbol: SGEN
Transactions as of: Nov 10, 2023
Transactions value $: -$2,262,166
Form type: 4
Date filed: 11/13/2023, 08:02 PM
Previous filing: Aug 17, 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	Sale	-$2.26M	-10.6K	-7.21%	$213.01	137K	Nov 10, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 were effected pursuant to a written agreement governing the terms of restricted stock units granted to the reporting person, which includes a plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) to satisfy tax obligations arising out of the vesting of such stock units (the "Sell-to-Cover Trading Arrangement"). The written agreement, adopted December 14, 2022, provides that, if the filer is in possession of material, nonpublic information as of the date of grant of such stock units, then the Sell-to-Cover Trading Arrangement becomes a binding contract as of the first date thereafter on which the filer is not in possession of material, nonpublic information.
F2	Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.

Content

The sales reported on this Form 4 were effected pursuant to a written agreement governing the terms of restricted stock units granted to the reporting person, which includes a plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) to satisfy tax obligations arising out of the vesting of such stock units (the "Sell-to-Cover Trading Arrangement"). The written agreement, adopted December 14, 2022, provides that, if the filer is in possession of material, nonpublic information as of the date of grant of such stock units, then the Sell-to-Cover Trading Arrangement becomes a binding contract as of the first date thereafter on which the filer is not in possession of material, nonpublic information.

Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.