James William Kupiec - 18 Apr 2024 Form 4 Insider Report for CASSAVA SCIENCES INC (SAVA)

Signature
/s/ Eric J. Schoen by Power of Attorney
Issuer symbol
SAVA
Transactions as of
18 Apr 2024
Net transactions value
+$33,000
Form type
4
Filing time
22 Apr 2024, 09:19:39 UTC
Previous filing
04 Oct 2023
Next filing
22 May 2024

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 +60% $22.00 4,000 18 Apr 2024 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 SAVA Common Stock Warrant Award $0 +1,000 $0.000000 1,000 03 Jan 2024 Common Stock 1,500 $33.00 Direct F1
transaction SAVA Common Stock Warrant Options Exercise $0 -1,000 -100% $0.000000* 0 18 Apr 2024 Common Stock 1,500 $33.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents warrants that were originally issued on January 3, 2024 as a 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.
F2 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.