LVTX director reports 33,390-share option cancellation and CVR payout

Rhea-AI Filing Summary

LAVA Therapeutics N.V. (LVTX)33,390 common shares with a per share exercise price of $0.93 on 11/13/2025. The option had been exercisable until 02/12/2035. According to a purchase agreement dated 08/03/2025 between the company and XOMA Royalty Corporation, the option was cancelled in exchange for cash and contingent value rights (CVRs). The cash component equals the excess of $1.04 over the option’s exercise price multiplied by the number of underlying shares, plus one CVR for each share underlying the in-the-money option.

11/17/2025 - 04:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Oliger Christy J.

(Last) (First) (Middle)

C/O LAVA THERAPEUTICS N.V.

YALELAAN 62

(Street)

UTRECHT P7 3584 CM

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LAVA Therapeutics NV [ LVTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Options (Right to Buy)	$0.93	11/13/2025		D			33,390	(1)	02/12/2035	Common Shares	33,390	$0	0	D

Explanation of Responses:

1. This option was cancelled pursuant to that certain Purchase Agreement, dated August 3, 2025, by and between the Issuer and XOMA Royalty Corporation (as amended, the "Purchase Agreement") in exchange for cash and contingent value rights ("CVRs") (without interest and net of applicable withholding tax and other applicable deductions) in an amount equal to (i) the excess of $1.04 over the per share exercise price of such option multiplied by the total number of shares underlying such in option and (ii) one CVR per share underlying such in-the-money option.

	/s/ Amy Garabedian, Attorney-in-Fact	11/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did LAVA Therapeutics (LVTX) report on this Form 4?

The filing reports that a director cancelled a stock option covering 33,390 common shares of LAVA Therapeutics N.V. on 11/13/2025.

What were the key terms of the cancelled LAVA Therapeutics (LVTX) stock option?

The cancelled option related to 33,390 common shares, had an exercise price of $0.93 per share, and an expiration date of 02/12/2035.

What consideration did the reporting person receive for the option cancellation at LAVA Therapeutics (LVTX)?

The option was cancelled in exchange for cash and contingent value rights (CVRs), based on the excess of $1.04 over the exercise price multiplied by the number of shares, plus one CVR per share underlying the in-the-money option.

Which agreement governed the option cancellation disclosed by LAVA Therapeutics (LVTX)?

The cancellation was made under a Purchase Agreement dated 08/03/2025 between LAVA Therapeutics N.V. and XOMA Royalty Corporation, as described in the filing.

What is the relationship of the reporting person to LAVA Therapeutics (LVTX)?

The reporting person is identified as a Director of LAVA Therapeutics N.V. and filed the Form 4 as a single reporting person.

What are CVRs mentioned in the LAVA Therapeutics (LVTX) Form 4?

The filing states that the option holder received contingent value rights (CVRs) as part of the consideration, with one CVR per share underlying the in-the-money option, in addition to cash.