Remy Sukhija - 23 Dec 2022 Form 4 Insider Report for MADRIGAL PHARMACEUTICALS, INC. (MDGL)

Reporting relationship: Chief Commercial Officer
Issuer ticker: MDGL
Reported as of: 23 Dec 2022
Net transaction value: -$6,416,273
SEC form: 4
Accepted by SEC: 28 Dec 2022, 19:00:15 UTC
Prior SEC filing: 24 Feb 2022
Next SEC filing: 18 Jan 2023
Source filing: View source filing
Reporting owner signature: /s/ Brian J. Lynch**

Key filing fact

Remy Sukhija filed Form 4 for MADRIGAL PHARMACEUTICALS, INC. (MDGL) on 28 Dec 2022.

Key facts

This page summarizes Remy Sukhija's Form 4 filing for MADRIGAL PHARMACEUTICALS, INC. (MDGL).
20 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 Dec 2022, 19:00.

Change

Previous filing in this sequence was filed on 24 Feb 2022.
Current net transaction value: -$6,416,273.

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.

MDGL transaction

Common Stock

Options Exercise

Transaction value: $1,807,800
Shares: +30,000
Change %
Price: $60.26
Shares after: 30,000
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1

MDGL transaction

Common Stock

Sale

Transaction value: $157,762
Shares: -593
Change %: -2%
Price: $266.04
Shares after: 29,407
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F3

MDGL transaction

Common Stock

Sale

Transaction value: $296,089
Shares: -1,107
Change %: -3.8%
Price: $267.47
Shares after: 28,300
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F4

MDGL transaction

Common Stock

Sale

Transaction value: $513,640
Shares: -1,913
Change %: -6.8%
Price: $268.50
Shares after: 26,387
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F5

MDGL transaction

Common Stock

Sale

Transaction value: $397,944
Shares: -1,476
Change %: -5.6%
Price: $269.61
Shares after: 24,911
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F6

MDGL transaction

Common Stock

Sale

Transaction value: $559,789
Shares: -2,069
Change %: -8.3%
Price: $270.56
Shares after: 22,842
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F7

MDGL transaction

Common Stock

Sale

Transaction value: $565,889
Shares: -2,084
Change %: -9.1%
Price: $271.54
Shares after: 20,758
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F8

MDGL transaction

Common Stock

Sale

Transaction value: $1,509,011
Shares: -5,534
Change %: -27%
Price: $272.68
Shares after: 15,224
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F9

MDGL transaction

Common Stock

Sale

Transaction value: $675,917
Shares: -2,471
Change %: -16%
Price: $273.54
Shares after: 12,753
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F10

MDGL transaction

Common Stock

Sale

Transaction value: $828,897
Shares: -3,019
Change %: -24%
Price: $274.56
Shares after: 9,734
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F11

MDGL transaction

Common Stock

Sale

Transaction value: $223,593
Shares: -811
Change %: -8.3%
Price: $275.70
Shares after: 8,923
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F12

MDGL transaction

Common Stock

Sale

Transaction value: $193,669
Shares: -700
Change %: -7.8%
Price: $276.67
Shares after: 8,223
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F13

MDGL transaction

Common Stock

Sale

Transaction value: $194,481
Shares: -700
Change %: -8.5%
Price: $277.83
Shares after: 7,523
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F14

MDGL transaction

Common Stock

Sale

Transaction value: $838,287
Shares: -3,003
Change %: -40%
Price: $279.15
Shares after: 4,520
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F15

MDGL transaction

Common Stock

Sale

Transaction value: $733,495
Shares: -2,620
Change %: -58%
Price: $279.96
Shares after: 1,900
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F16

MDGL transaction

Common Stock

Sale

Transaction value: $280,920
Shares: -1,000
Change %: -53%
Price: $280.92
Shares after: 900
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F17

MDGL transaction

Common Stock

Sale

Transaction value: $112,852
Shares: -400
Change %: -44%
Price: $282.13
Shares after: 500
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F18

MDGL transaction

Common Stock

Sale

Transaction value: $113,372
Shares: -400
Change %: -80%
Price: $283.43
Shares after: 100
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1, F19

MDGL transaction

Common Stock

Sale

Transaction value: $28,465
Shares: -100
Change %: -100%
Price: $284.65
Shares after: 0
Date: 23 Dec 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

MDGL transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -30,000
Change %: -50%
Price: $0.000000
Shares after: 30,000
Date: 23 Dec 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,000
Exercise price: $60.26
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 19 footnotes

Footnote F1

All transactions reported herein were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. After giving effect to these transactions, the reporting person's Rule 10b5-1 trading plan has been concluded and no more trading will be conducted thereunder.

Footnote F2

All shares issued pursuant to the exercise of the options reported herein represent 30,000 shares underlying an overall option award of 60,000 shares. All exercised options had vested. As to the overall option for 60,000 shares, 25% of the shares underlying the option vested on April 1, 2021 and, thereafter, 6.25% of the shares vested, or will vest, on the last day of each successive three month period, provided the Reporting Person continues in service with the Issuer on each such date.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.76 to $266.75, 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 ranges set forth in this footnote and the footnotes below.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.98 to $267.85, inclusive.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.00 to $268.82, inclusive.

Footnote F6

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.01 to $269.95, inclusive.

Footnote F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.04 to $271.01, inclusive.

Footnote F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.04 to $272.01, inclusive.

Footnote F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.04 to $273.02, inclusive.

Footnote F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.04 to $274.01, inclusive.

Footnote F11

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.19 to $275.13, inclusive.

Footnote F12

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.24 to $276.23, inclusive.

Footnote F13

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.40 to $277.31, inclusive.

Footnote F14

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.49 to $278.13, inclusive.

Footnote F15

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.53 to $279.50, inclusive.

Footnote F16

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.56 to $280.42, inclusive.

Footnote F17

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.61 to $281.44, inclusive.

Footnote F18

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.00 to $282.20, inclusive.

Footnote F19

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.11 to $283.83, inclusive.

SEC remarks

** As attorney-in-fact for Reporting Person