MacroGenics (MGNX) director Koenig converts 21,165 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MacroGenics director Scott Koenig reported an RSU conversion into common stock. On February 15, 2026, he exercised restricted stock units and acquired 21,165 shares of MacroGenics common stock at a stated price of $0 per share, increasing his directly held position to 867,240 shares.
The RSUs were part of a 127,000-unit grant awarded on February 15, 2023. According to the disclosure, 84,670 units had vested before his separation from the company, and 21,165 additional units vested on August 13, 2025 under his Separation Agreement, with each RSU representing one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,165 shares exercised/converted
Mixed
2 txns
Insider
Koenig Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 21,165 | $0.00 | -- |
| Exercise | Common Stock | 21,165 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 867,240 shares (Direct)
Footnotes (1)
- On February 15, 2023, the reporting person was granted 127,000 restricted stock units. Eighty-four thousand, six hundred seventy (84,670) were vested prior to the reporting person's separation from the company and 21,165 units vested upon his separation on August 13, 2025 in accordance with his Separation Agreement. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer's common stock.
FAQ
What insider transaction did MacroGenics (MGNX) director Scott Koenig report?
Scott Koenig reported exercising restricted stock units and acquiring 21,165 MacroGenics common shares at a stated price of $0 per share. This transaction reflects a derivative conversion, not an open-market stock purchase or sale, and increased his directly held common stock position.
What is the origin of the 21,165 RSUs reported by MacroGenics (MGNX) director Scott Koenig?
The 21,165 restricted stock units come from a 127,000-unit grant awarded on February 15, 2023. Of that grant, 84,670 RSUs vested before Koenig’s separation, and 21,165 vested on August 13, 2025 under the terms of his Separation Agreement.
How do Scott Koenig’s RSUs convert into MacroGenics (MGNX) common stock?
Each restricted stock unit held by Scott Koenig represents a contingent right to receive one share of MacroGenics common stock. When the RSUs vest and are exercised or converted, they deliver an equivalent number of common shares, as shown by the 21,165-share issuance.
Was Scott Koenig’s MacroGenics (MGNX) Form 4 transaction a market purchase or sale?
The transaction was reported with code M, indicating an exercise or conversion of a derivative security, not an open-market buy or sell. Koenig received 21,165 common shares from vested restricted stock units at a stated price of $0 per share.
What does Scott Koenig’s Separation Agreement with MacroGenics (MGNX) provide regarding RSU vesting?
The disclosure states that 21,165 restricted stock units vested on August 13, 2025 in accordance with Koenig’s Separation Agreement. This vesting followed 84,670 units that had already vested from the original 127,000-unit RSU grant dated February 15, 2023.