Gregory H. Bailey - 03 Oct 2022 Form 4 Insider Report for Biohaven Ltd. (BHVN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Oct 2022, 17:35:20 UTC
Prior SEC filing
30 Sep 2022
Next SEC filing
26 Oct 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ George Clark, Attorney-in-Fact

Key filing fact

Gregory H. Bailey filed Form 4 for Biohaven Ltd. (BHVN) on 05 Oct 2022.

Key facts

  • This page summarizes Gregory H. Bailey's Form 4 filing for Biohaven Ltd. (BHVN).
  • 15 reported transactions and 9 derivative rows are listed below.
  • Accepted by SEC: 05 Oct 2022, 17:35.

Change

  • Previous filing in this sequence was filed on 30 Sep 2022.
  • Current net transaction value: -$13.66.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BHVN transaction

Common Shares

Other

Transaction value
$0
Shares
+1,291,829
Change %
Price
$0.000000
Shares after
1,291,829
Date
03 Oct 2022
Ownership
Direct
Footnotes
F1
BHVN transaction

Common Shares

Options Exercise

Transaction value
$19,936
Shares
+4,119
Change %
+0.32%
Price
$4.84
Shares after
1,295,948
Date
03 Oct 2022
Ownership
Direct
BHVN transaction

Common Shares

Options Exercise

Transaction value
$21,353
Shares
+5,998
Change %
+0.46%
Price
$3.56
Shares after
1,301,946
Date
03 Oct 2022
Ownership
Direct
BHVN transaction

Common Shares

Options Exercise

Transaction value
$20,970
Shares
+9,000
Change %
+0.69%
Price
$2.33
Shares after
1,310,946
Date
03 Oct 2022
Ownership
Direct
BHVN transaction

Common Shares

Options Exercise

Transaction value
$27,540
Shares
+9,000
Change %
+0.69%
Price
$3.06
Shares after
1,319,946
Date
03 Oct 2022
Ownership
Direct
BHVN transaction

Common Shares

Tax liability

Transaction value
$89,812
Shares
-11,975
Change %
-0.91%
Price
$7.50
Shares after
1,307,971
Date
03 Oct 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BHVN transaction Derivative

Stock Options (Right to Buy)

Other

Transaction value
Shares
+4,119
Change %
Price
Shares after
4,119
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
4,119
Exercise price
$4.84
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to Buy)

Other

Transaction value
Shares
+5,998
Change %
Price
Shares after
5,998
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
5,998
Exercise price
$3.56
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to Buy)

Other

Transaction value
Shares
+9,000
Change %
Price
Shares after
9,000
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
9,000
Exercise price
$2.33
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to Buy)

Other

Transaction value
Shares
+9,000
Change %
Price
Shares after
9,000
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
9,000
Exercise price
$3.06
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to buy)

Options Exercise

Transaction value
$0
Shares
-4,119
Change %
-100%
Price
$0.000000*
Shares after
0
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
4,119
Exercise price
$4.84
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to buy)

Options Exercise

Transaction value
$0
Shares
-5,998
Change %
-100%
Price
$0.000000*
Shares after
0
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
5,998
Exercise price
$3.56
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-9,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
9,000
Exercise price
$2.33
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-9,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
9,000
Exercise price
$3.06
Footnotes
F3
BHVN transaction Derivative

Stock Options (Right to Buy)

Award

Transaction value
$0
Shares
+125,000
Change %
Price
$0.000000
Shares after
125,000
Date
03 Oct 2022
Ownership
Direct
Underlying class
Common Shares
Underlying amount
125,000
Exercise price
$7.00
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents common shares of the Issuer ("Common Shares") acquired by the Reporting Person in a pro rata distribution by Biohaven Pharmaceutical Holding Company Ltd.. ("RemainCo") to holders of its common shares (the "Distribution") pursuant to the Separation and Distribution Agreement (the "Separation Agreement"), dated as of May 9, 2022, by and among RemainCo, the Issuer, and Pfizer Inc. ("Pfizer").

Footnote F2

These shares were withheld by the Issuer in connection with share settlement to cover the cost of the stock options.

Footnote F3

Effective as of the Distribution, each outstanding option to purchase common shares of RemainCo was adjusted so that such option became an option to acquire Common Shares and an option to acquire RemainCo common shares. As a result, the Reporting Person acquired options to acquire the Issuer's Common Shares in an amount determined in accordance with the Separation Agreement.

Footnote F4

The shares underlying this option vest in four equal installments on October 3, 2022, 2023, 2024, and 2025, subject to the Reporting Person's continuous service with the Issuer at each vesting date

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