Ionis Pharmaceuticals (NASDAQ: IONS) director Peter Reikes files baseline Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
IONIS PHARMACEUTICALS INC filed an initial Form 3 for Peter N. Reikes, who is identified as a director of the company and not a ten percent owner or officer. The filing reports no transactions or holdings data, serving as a baseline statement of beneficial ownership.
Positive
- None.
Negative
- None.
Key Terms
Form 3, beneficial ownership, director, ten percent owner
4 terms
Form 3 regulatory
"filed an initial Form 3 for Peter N. Reikes"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"serving as a baseline statement of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
director financial
"identified as a director of the company"
ten percent owner financial
"not a ten percent owner or officer"
FAQ
What does the Ionis Pharmaceuticals (IONS) Form 3 for Peter N. Reikes show?
The Form 3 identifies Peter N. Reikes as a director of Ionis Pharmaceuticals and not a ten percent owner or officer. It reports no transactions or holdings, functioning as an initial beneficial ownership baseline for future Form 4 or Form 5 updates.
Is Peter N. Reikes a ten percent owner of Ionis Pharmaceuticals (IONS) according to this filing?
No, the filing explicitly indicates that Peter N. Reikes is not a ten percent owner of Ionis Pharmaceuticals. He is reported solely as a director, with officer status and ten percent owner status both shown as not applicable in this document.
Does the Ionis Pharmaceuticals (IONS) Form 3 for Peter N. Reikes include derivative positions?
No, the derivativeSummary section is empty and derivativeTransactionCount is zero in the transaction summary. This means the Form 3 does not disclose any options, warrants, or other derivative securities for Peter N. Reikes in this initial ownership statement.