MacroGenics (MGNX) director Koenig has 52,829 RSUs vest under separation deal
Rhea-AI Filing Summary
MACROGENICS INC director Scott Koenig reported the vesting and conversion of restricted stock units (RSUs) into common shares. On 2025-08-13, a total of 52,829 RSUs (21,165 and 31,664 units) were exercised or converted into 52,829 shares of common stock at a stated price of $0.00 per share.
According to a Separation and Consulting Agreement between the company and Koenig, 50% of each outstanding and unvested RSU immediately vested, and the vested shares are to be delivered to him as soon as practicable after the vesting date. Each RSU represents a contingent right to receive one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 52,829 shares
Net Buy
4 txns
Insider
Koenig Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 21,165 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 31,664 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,165 | $0.00 | $0.00 |
| Exercise | Common Stock | 31,664 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 52,828 shares (Direct);
Common Stock — 830,244 shares (Direct)
Footnotes (2)
- F1. Pursuant to the Separation and Consulting Agreement between the Company and the Reporting Person (the "Separation Agreement"), 50% of the shares with respect to each outstanding and unvested restricted stock unit (RSU) immediately vested. Vested shares will be delivered to the Reporting Person as soon as practicable after the date of vesting.
- F2. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer's common stock.
Key Figures
RSUs exercised/converted: 52,829 shares
Common shares received: 52,829 shares
Transaction date: 2025-08-13
+4 more
7 metrics
RSUs exercised/converted
52,829 shares
Total RSUs (21,165 and 31,664) converted to common stock on 2025-08-13
Common shares received
52,829 shares
Shares of MacroGenics common stock corresponding to vested RSUs
Transaction date
2025-08-13
Date of RSU vesting and conversion events
Exercise/transaction price
$0.00 per share
Stated price for RSU conversion into common stock
RSU block 1
21,165 units
First RSU tranche vested and converted into common stock
RSU block 2
31,664 units
Second RSU tranche vested and converted into common stock
Immediate vesting percentage
50%
Portion of each outstanding and unvested RSU that immediately vested under Separation Agreement
Key Terms
Restricted Stock Unit, Separation and Consulting Agreement, contingent right
3 terms
Restricted Stock Unit financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Separation and Consulting Agreement financial
"Pursuant to the Separation and Consulting Agreement between the Company and the Reporting Person"
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
FAQ
What did MacroGenics (MGNX) insider Scott Koenig report in this Form 4?
Scott Koenig reported the vesting and conversion of 52,829 restricted stock units into an equal number of MacroGenics common shares on 2025-08-13, tied to his Separation and Consulting Agreement with the company.
How many MacroGenics (MGNX) RSUs vested for Scott Koenig on 2025-08-13?
On 2025-08-13, 52,829 restricted stock units vested and were converted for Scott Koenig, in two blocks of 21,165 and 31,664 RSUs, each RSU corresponding to one MacroGenics common share.
What agreement governed Scott Koenig’s RSU vesting at MacroGenics (MGNX)?
The RSU vesting was governed by a Separation and Consulting Agreement between MacroGenics and Scott Koenig, under which 50% of each outstanding and unvested RSU immediately vested as of the specified date.
Did MacroGenics (MGNX) report a cash exercise price for Koenig’s RSU conversion?
The filing lists a transaction and exercise price of $0.00 per share for the RSU conversions, reflecting that restricted stock unit settlements typically do not involve a cash exercise price paid by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.