Eric J. Schoen - 17 Apr 2024 Form 4 Insider Report for CASSAVA SCIENCES INC (SAVA)

Role
Chief Financial Officer
Signature
/s/ Eric J. Schoen
Issuer symbol
SAVA
Transactions as of
17 Apr 2024
Net transactions value
+$33,000
Form type
4
Filing time
17 Apr 2024, 16:21:18 UTC
Previous filing
04 Oct 2023
Next filing
22 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAVA Common Stock Options Exercise $33,000 +1,500 +7.6% $22.00 21,300 17 Apr 2024 Direct F1
holding SAVA Common Stock 2,000 17 Apr 2024 By limited liability corporation

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 SAVA Common Stock Warrant Award $0 +7,920 $0.000000 7,920 03 Jan 2024 Common Stock 11,880 $33.00 Direct F2
transaction SAVA Common Stock Warrant Award $0 +800 $0.000000 800 03 Jan 2024 Common Stock 1,200 $33.00 By limited liability corporation F2
transaction SAVA Common Stock Warrant Options Exercise $0 -1,000 -13% $0.000000 6,920 17 Apr 2024 Common Stock 1,500 $33.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Form 4 represents exercise for cash of common stock warrants received on January 3, 2024. Holder received one and one-half shares of common stock for each common stock warrant exercised.
F2 Represents warrants that were originally issued on January 3, 2024 as a pro-rata distribution to all holders of common shares. Each warrant entitles the holder to purchase one and one-half common shares at an exercise price of $33.00 per warrant. This distribution was exempt from immediate reporting under Section 16.