Daniel R. Chevallard - 25 Nov 2023 Form 4 Insider Report for Viracta Therapeutics, Inc. (VIRX)

Role
CFO and COO
Signature
/s/ Daniel Chevallard
Issuer symbol
VIRX
Transactions as of
25 Nov 2023
Net transactions value
-$1,860
Form type
4
Filing time
28 Nov 2023, 19:06:17 UTC
Previous filing
29 Aug 2023
Next filing
27 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIRX Common Stock Options Exercise $0 +6,889 +7.2% $0.000000 102,542 25 Nov 2023 Direct F1
transaction VIRX Common Stock Sale $1,860 -3,720 -3.6% $0.5000 98,822 28 Nov 2023 Direct F2

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 VIRX Restricted Stock Units Options Exercise $0 -6,889 -14% $0.000000 41,333 25 Nov 2023 Common Stock 6,889 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Viracta Therapeutics, Inc. Common Stock.
F2 The sale reported on this Form 4 represents shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the reporting person's award agreement to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction.
F3 One-eighth (1/8th ) of the RSU Award will vest on November 25, 2021 (the "First Vesting Date"), and one-sixteenth (1/16th ) of the RSU Award will vest each Quarterly Vesting Date (as defined below) after the First Vesting Date, in each case subject to the reporting person continuing to be a Service Provider (as defined in the Viracta Subsidiary, Inc. 2016 Equity Incentive Plan, the "Plan") through the applicable vesting date. For the purposes of the foregoing, "Quarterly Vesting Date" means February 25, May 25, August 25, and November 25 of each year.