Director Michael Hoffman buys 713,800 Annovis Bio (ANVS) shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Annovis Bio director Michael B. Hoffman made a large open-market purchase of the company’s common stock. On April 2, 2026, he bought 713,800 shares at $2.10 per share, increasing his direct holdings to 3,288,539 shares.
He also has indirect ownership of 223,357 shares held by The 2024 Hoffman Family Trust, over which he has both voting and investment power. The filing shows no derivative securities remaining, so this activity reflects a direct cash investment rather than an options exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 713,800 shares ($1,498,980)
Net Buy
2 txns
Insider
Hoffman Michael B
Role
Director
Bought
713,800 shs ($1.50M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 713,800 | $2.10 | $1.50M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,288,539 shares (Direct);
Common Stock — 223,357 shares (Indirect, The 2024 Hoffman Family Trust)
Footnotes (1)
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Key Figures
Shares purchased: 713,800 shares
Purchase price: $2.10 per share
Direct holdings after: 3,288,539 shares
+2 more
5 metrics
Shares purchased
713,800 shares
Open-market purchase of common stock on April 2, 2026
Purchase price
$2.10 per share
Price paid for Annovis Bio common stock
Direct holdings after
3,288,539 shares
Common stock directly owned following transaction
Indirect trust holdings
223,357 shares
Held by The 2024 Hoffman Family Trust with Hoffman’s voting and investment power
Net buy shares
713,800 shares
Net buy direction per transaction summary
Key Terms
open-market purchase, indirect ownership, voting and investment power, family trust
4 terms
open-market purchase financial
"The filing classifies the transaction as an open-market purchase of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"he has indirect ownership of 223,357 shares held by The 2024 Hoffman Family Trust"
voting and investment power financial
"the reporting person has voting and investment power over such shares"
family trust financial
"The shares are held in a family trust formed by the reporting person"
FAQ
What insider transaction did Annovis Bio (ANVS) report for Michael B. Hoffman?
Annovis Bio reported that director Michael B. Hoffman made an open-market purchase of 713,800 shares of common stock at $2.10 per share. This transaction occurred on April 2, 2026 and increased his overall ownership stake in the company.
Was the Annovis Bio (ANVS) insider trade an open-market purchase?
Yes. The filing classifies the transaction as an open-market purchase of common stock at $2.10 per share. This means Hoffman used cash to buy shares on the market rather than receiving them through options, grants, or other derivative-based compensation.
Did the Annovis Bio (ANVS) Form 4 include any option exercises or derivatives?
No. The summarized data show no derivative transactions or remaining derivative positions for Michael B. Hoffman. The reported activity is exclusively in common stock, reflecting a straightforward share purchase rather than an option exercise or other derivative event.