Sanford Robertson - 26 Apr 2024 Form 4 Insider Report for CASSAVA SCIENCES INC (SAVA)

Role
Director
Signature
/s/ Eric J. Schoen by Power of Attorney
Issuer symbol
SAVA
Transactions as of
26 Apr 2024
Net transactions value
+$1,518,000
Form type
4
Filing time
30 Apr 2024, 09:13:43 UTC
Previous filing
24 Aug 2023
Next filing
13 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAVA Common Stock Options Exercise $1,518,000 +69,000 +7.8% $22.00 955,851 26 Apr 2024 Direct F2
holding SAVA Common Stock 180,000 26 Apr 2024 By family

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 +72,000 $0.000000 72,000 03 Jan 2024 Common Stock 108,000 $33.00 By family F1
transaction SAVA Common Stock Warrant Award $0 +354,740 $0.000000 354,740 03 Jan 2024 Common Stock 532,110 $33.00 Direct F1
transaction SAVA Common Stock Warrant Options Exercise $0 -46,000 -13% $0.000000 308,740 26 Apr 2024 Common Stock 69,000 $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 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.
F2 Form 4 represents exercise of common stock warrants received on January 3, 2024 for cash. Holder received one and one-half shares of common stock for each common stock warrant exercised.