Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MGTX | Restricted Share Units | Options Exercise | $0 | -62.5K | -50% | $0.00 | 62.5K | Jan 7, 2025 | Ordinary Shares | 62.5K | Direct | F1, F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | Represents vesting of one-quarter of restricted share units granted on January 7, 2022. |
F2 | Each restricted share unit converts into one ordinary share upon vesting. |
F3 | On August 11, 2024, in a transaction exempt from Section 16 (including the reporting requirements) by virtue of Rule 16a-13, the reporting person received 28,985 ordinary shares as an annuity payment from a grantor retained annuity trust ("GRAT") and now reports "direct" beneficial ownership of those shares. |
F4 | Shares withheld for payment of taxes upon vesting of award. |
F5 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 21, 2024. |
F6 | The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $6.26 to $6.63, inclusive. |
F7 | The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price. |
F8 | The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $6.16 to $6.42, inclusive. |