Jeffrey Jerome Ludwig - Jul 3, 2023 Form 4 Insider Report for PUMA BIOTECHNOLOGY, INC. (PBYI)

Signature
/s/ Gordon Esplin as attorney-in-fact for Jeffrey Jerome Ludwig
Stock symbol
PBYI
Transactions as of
Jul 3, 2023
Transactions value $
-$40,075
Form type
4
Date filed
7/6/2023, 07:08 PM
Previous filing
Feb 14, 2023
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBYI Common Stock Sale -$40.1K -12.1K -9.68% $3.31 113K Jul 3, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 Adoption date of referenced 10b5-1(c) sell to cover program is: 12-14-2020.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.24 to $3.50, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.