Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VIR | Common Stock | Sale | -$101K | -10K | -7.13% | $10.05 | 131K | Feb 22, 2024 | Direct | F1 |
transaction | VIR | Common Stock | Sale | -$207K | -17.7K | -13.56% | $11.65 | 113K | Feb 26, 2024 | Direct | F2, F3 |
holding | VIR | Common Stock | 1.75M | Feb 22, 2024 | See footnote | F4 | |||||
holding | VIR | Common Stock | 1.75M | Feb 22, 2024 | See footnote | F5 | |||||
holding | VIR | Common Stock | 33.6K | Feb 22, 2024 | See footnote | F6 | |||||
holding | VIR | Common Stock | 180K | Feb 22, 2024 | See footnote | F7 |
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).
Id | Content |
---|---|
F1 | Represents the automatic sale of shares to cover the Issuer's tax withholding and remittance obligation in connection with the vesting of restricted stock units. |
F2 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 20, 2023. |
F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.21 to $11.98, 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 sold at each separate price within the range set forth above. |
F4 | The shares are held in the name of the George A Scangos 2023 Annuity Trust, of which the reporting person and his spouse are Trustees. |
F5 | The shares are held in the name of Leslie Wilson 2023 Annuity Trust, of which the reporting person and his spouse are Trustees. |
F6 | The shares are held in the name of George A. Scangos, as Trustee of the Scangos-Wilson Family Trust dated May 12, 2011. |
F7 | The shares are held in the name of the Scangos 2018 Grandchildren's Trust, of which the reporting person and his spouse are Trustees. |