Kevin Tang - Nov 23, 2021 Form 4 Insider Report for Aptevo Therapeutics Inc. (APVO)

Role: Exit Filing
Signature: /s/ Kevin Tang
Stock symbol: APVO
Transactions as of: Nov 23, 2021
Transactions value $: -$10,368,236
Form type: 4
Date filed: 11/26/2021, 12:02 PM
Previous filing: Nov 22, 2021
Next filing: Dec 1, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APVO	Common Stock	Sale	-$2.18M	-161K	-17.51%	$13.52^*	760K	Nov 23, 2021	By LP	F1, F2
transaction	APVO	Common Stock	Sale	-$1.55M	-125K	-16.38%	$12.45^*	635K	Nov 23, 2021	By LP	F2, F3
transaction	APVO	Common Stock	Sale	-$886K	-75.5K	-11.88%	$11.74^*	560K	Nov 23, 2021	By LP	F2, F4
transaction	APVO	Common Stock	Sale	-$1.67M	-149K	-26.63%	$11.19^*	411K	Nov 23, 2021	By LP	F2, F5
transaction	APVO	Common Stock	Sale	-$531K	-50.9K	-12.39%	$10.43^*	360K	Nov 23, 2021	By LP	F2, F6
transaction	APVO	Common Stock	Sale	-$2.01M	-200K	-55.56%	$10.07^*	160K	Nov 23, 2021	By LP	F2, F7
transaction	APVO	Common Stock	Sale	-$1.54M	-160K	-100%	$9.60^*	0	Nov 23, 2021	By LP	F2, F8

Showing 1 to 7 of 7 entries

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

Kevin Tang is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $13.29 to $13.77. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 and 3 through 8 herein.
F2	The shares are beneficially owned by Tang Capital Partners, LP ("TCP"). Kevin Tang is the sole manager of Tang Capital Management, LLC ("TCM"), which is the general partner of TCP. Mr. Tang has a pecuniary interest in a portion of the shares beneficially held by TCP.
F3	The prices reported in Column 4 are weighted-average prices. These shares were sold in multiple transactions at prices ranging from $11.97 to $12.90.
F4	The prices reported in Column 4 are weighted-average prices. These shares were sold in multiple transactions at prices ranging from $11.59 to $11.89.
F5	The prices reported in Column 4 are weighted-average prices. These shares were sold in multiple transactions at prices ranging from $10.74 to $11.67.
F6	The prices reported in Column 4 are weighted-average prices. These shares were sold in multiple transactions at prices ranging from $10.31 to $10.64.
F7	The prices reported in Column 4 are weighted-average prices. These shares were sold in multiple transactions at prices ranging from $9.59 to $10.34.
F8	The prices reported in Column 4 are weighted-average prices. These shares were sold in multiple transactions at prices ranging from $9.50 to $10.20.