Neil Kumar - 16 May 2023 Form 4 Insider Report for BridgeBio Pharma, Inc. (BBIO)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 May 2023, 16:07:30 UTC
Prior SEC filing
05 May 2023
Next SEC filing
18 Aug 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brian C. Stephenson, Attorney-in-Fact

Key filing fact

Neil Kumar filed Form 4 for BridgeBio Pharma, Inc. (BBIO) on 18 May 2023.

Key facts

  • This page summarizes Neil Kumar's Form 4 filing for BridgeBio Pharma, Inc. (BBIO).
  • 7 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 18 May 2023, 16:07.

Change

  • Previous filing in this sequence was filed on 05 May 2023.
  • Current net transaction value: -$1,436,538.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BBIO transaction

Common Stock

Options Exercise

Transaction value
Shares
+102,249
Change %
+2.1%
Price
Shares after
4,915,446
Date
16 May 2023
Ownership
Direct
Footnotes
F1
BBIO transaction

Common Stock

Tax liability

Transaction value
$714,321
Shares
-50,697
Change %
-1%
Price
$14.09
Shares after
4,864,749
Date
16 May 2023
Ownership
Direct
Footnotes
F2
BBIO transaction

Common Stock

Sale

Transaction value
$722,218
Shares
-51,552
Change %
-1.1%
Price
$14.01
Shares after
4,813,197
Date
17 May 2023
Ownership
Direct
Footnotes
F3, F4
BBIO holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,012,722
Date
16 May 2023
Ownership
See Footnote
Footnotes
F5
BBIO holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
995,686
Date
16 May 2023
Ownership
See Footnote
Footnotes
F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BBIO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-5,129
Change %
-20%
Price
$0.000000
Shares after
20,518
Date
16 May 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,129
Exercise price
Footnotes
F1, F7
BBIO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,394
Change %
-12%
Price
$0.000000
Shares after
16,759
Date
16 May 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,394
Exercise price
Footnotes
F1, F8
BBIO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-61,182
Change %
-25%
Price
$0.000000
Shares after
183,546
Date
16 May 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
61,182
Exercise price
Footnotes
F1, F9
BBIO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-33,544
Change %
-6.2%
Price
$0.000000
Shares after
503,160
Date
16 May 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
33,544
Exercise price
Footnotes
F1, F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 10 footnotes

Footnote F1

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

Footnote F2

Represents number of shares of the Issuer's Common Stock withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 102,249 shares of Common Stock underlying the Reporting Person's RSUs.

Footnote F3

This transaction was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on December 5, 2022.

Footnote F4

Represents the weighted average sale price of the shares sold from $13.82 to $14.22 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions as reported herein.

Footnote F5

The shares are held by Kumar Haldea Revocable Trust, of which the Reporting Person is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed to be an admission that such shares are beneficially owned by the Reporting Person for Section 16 or any other purpose.

Footnote F6

The shares are held by Kumar Haldea Family Irrevocable Trust, of which the Reporting Person is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed to be an admission that such shares are beneficially owned by the Reporting Person for Section 16 or any other purpose.

Footnote F7

The RSUs vest in sixteen quarterly installments after May 16, 2020, subject to the Reporting Person's continued service with the Issuer or any of its subsidiaries through each vesting date, and have no expiration date.

Footnote F8

The RSUs vest in sixteen quarterly installments after February 16, 2021, subject to the Reporting Person's continued service with the Issuer or any of its subsidiaries through each vesting date, and have no expiration date.

Footnote F9

The RSUs vest with respect to 1/8th of the underlying shares on May 16, 2022. Thereafter, 1/8th of the underlying shares shall vest on a quarterly basis, so that all of the underlying shares shall be vested on February 16, 2024, subject to the Reporting Person's continued service to the Issuer or any of its subsidiaries through each vesting date. The RSUs have no expiration date.

Footnote F10

The RSUs vest with respect to 1/16th of the underlying shares on May 16, 2023. Thereafter, 1/16th of the underlying shares shall vest on a quarterly basis, such that all of the underlying shares shall be vested on February 16, 2027, subject to the Reporting Person's continued service with the Issuer or any of its subsidiaries through each vesting date. The RSUs have no expiration date.

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