Jeffrey W. Sherman - Jan 4, 2023 Form 4 Insider Report for Horizon Therapeutics Public Ltd Co (HZNP)

Role
EVP and Chief Medical Officer
Signature
/s/ Adriana Hernandez-Capone, Attorney-in-Fact
Stock symbol
HZNP
Transactions as of
Jan 4, 2023
Transactions value $
-$3,153,087
Form type
4
Date filed
1/6/2023, 04:54 PM
Previous filing
Jan 4, 2023
Next filing
Jan 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HZNP Ordinary Shares Options Exercise +51.1K +354.35% 65.6K Jan 5, 2023 Direct F1
transaction HZNP Ordinary Shares Tax liability -$2.57M -22.7K -34.56% $113.24 42.9K Jan 5, 2023 Direct
transaction HZNP Ordinary Shares Sale -$588K -5.19K -9.52% $113.29 49.3K Jan 6, 2023 See Footnote F2, F3
holding HZNP Ordinary Shares 84.4K Jan 4, 2023 See Footnote F4
holding HZNP Ordinary Shares 66.7K Jan 4, 2023 by Spouse

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 HZNP Restricted Stock Units (RSUs) Award $0 +18.4K $0.00 18.4K Jan 4, 2023 Ordinary Shares 18.4K Direct F1, F5
transaction HZNP Restricted Stock Units (RSUs) Options Exercise $0 -12.1K -100% $0.00* 0 Jan 5, 2023 Ordinary Shares 12.1K Direct F1, F6
transaction HZNP Restricted Stock Units (RSUs) Options Exercise $0 -9.31K -50% $0.00 9.31K Jan 5, 2023 Ordinary Shares 9.31K Direct F1, F7
transaction HZNP Restricted Stock Units (RSUs) Options Exercise $0 -6.35K -33.33% $0.00 12.7K Jan 5, 2023 Ordinary Shares 6.35K Direct F1, F8
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -7.26K -100% $0.00* 0 Jan 5, 2023 Ordinary Shares 7.26K Direct F1, F9
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -1.97K -100% $0.00* 0 Jan 5, 2023 Ordinary Shares 1.97K Direct F1, F9
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -4.83K -100% $0.00* 0 Jan 5, 2023 Ordinary Shares 4.83K Direct F1, F9
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -9.32K -66.69% $0.00 4.65K Jan 5, 2023 Ordinary Shares 9.32K Direct F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU/PSU represents a contingent right to receive one ordinary share of the Issuer.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2022.
F3 The shares are held in the Jeffrey W. Sherman Living Trust.
F4 The shares are held in the name of the Jeffrey W. Sherman 2020 Gift Trust, of which the reporting person's spouse is the Trustee.
F5 The RSUs vest 1/3rd annually on each anniversary of January 5, 2023.
F6 The final tranche of ordinary shares subject to the RSU vested on January 5, 2023.
F7 The remaining ordinary shares subject to the RSU vest on January 5, 2024.
F8 The remaining ordinary shares subject to the RSU vest ratably on January 5, 2024 and January 5, 2025.
F9 The ordinary shares subject to the PSUs vested on January 5, 2023.
F10 The remaining ordinary shares subject to the PSU vest on January 5, 2024.