Jay Varma - 11 Jun 2024 Form 4 Insider Report for SIGA TECHNOLOGIES INC (SIGA)

Reporting relationship: EVP & Chief Medical Officer, Director
Issuer ticker: SIGA
Reported as of: 11 Jun 2024
Net transaction value: -$58,274
SEC form: 4
Accepted by SEC: 13 Jun 2024, 16:28:00 UTC
Prior SEC filing: 15 Jun 2023
Source filing: View source filing
Reporting owner signature: /s/ Kevin Buckley, as Attorney-in-Fact

Key filing fact

Jay Varma filed Form 4 for SIGA TECHNOLOGIES INC (SIGA) on 13 Jun 2024.

Key facts

This page summarizes Jay Varma's Form 4 filing for SIGA TECHNOLOGIES INC (SIGA).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 13 Jun 2024, 16:28.

Change

Previous filing in this sequence was filed on 15 Jun 2023.
Current net transaction value: -$58,274.

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.

SIGA transaction

Common Stock, par value $.0001 per share

Options Exercise

Transaction value
Shares: +24,712
Change %
Price
Shares after: 24,712
Date: 11 Jun 2024
Ownership: Direct
Footnotes: F1

SIGA transaction

Common Stock, par value $.0001 per share

Disposed to Issuer

Transaction value: $58,274
Shares: -7,414
Change %: -30%
Price: $7.86
Shares after: 17,298
Date: 11 Jun 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

SIGA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -24,712
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 11 Jun 2024
Ownership: Direct
Underlying class: Common Stock, par value $.0001 per share
Underlying amount: 24,712
Exercise price
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Restricted stock units ("RSUs") represent contingent rights to receive common stock of SIGA Technologies, Inc. (the "Company") on a one-for-one basis.

Footnote F2

Reflects RSUs that were cash-settled, per the terms of the compensation program for Board Directors and as noted on the Form 4 filed on June 15, 2023. Partial cash-settlement of RSUs under the Board compensation program is designed to address tax obligations in connection with the vesting of RSUs.

Footnote F3

The RSUs were granted on June 13, 2023, and fully vested on the date of the Company's 2024 annual meeting of stockholders.