Scott Koenig increases MacroGenics (MGNX) stake via 15,831 RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MacroGenics director Scott Koenig converted 15,831 restricted stock units into an equal number of MacroGenics common shares on February 8, 2026, at an exercise price of $0 per share. After this conversion, he directly owned 846,075 shares of common stock and 15,832 RSUs.
The RSUs come from a 95,000-unit grant on February 8, 2024. One-third vested after one year, and half of the remaining units vested under a Separation Agreement on August 13, 2025. The rest vest in two equal annual installments on the grant anniversary.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,831 shares exercised/converted
Mixed
2 txns
Insider
Koenig Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 15,831 | $0.00 | -- |
| Exercise | Common Stock | 15,831 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 15,832 shares (Direct);
Common Stock — 846,075 shares (Direct)
Footnotes (1)
- Restricted stock units convert into the Company's stock on a one-for-one basis. On February 8, 2024, the reporting person was granted 95,000 restricted stock units. One-third of the restricted stock units vested after one year and one-half of the remaining units vested pursuant to the reporting person's "Separation Agreement" on August 13, 2025. The remaining units vest in two equal installments on the anniversary of the grant date.
FAQ
What insider transaction did MacroGenics (MGNX) report for Scott Koenig?
MacroGenics reported that director Scott Koenig converted 15,831 restricted stock units into common stock on February 8, 2026. The RSUs converted one-for-one into shares at an exercise price of $0 per share, with no sale disclosed.
What is the origin of the 15,831 RSUs reported for MacroGenics (MGNX)?
The 15,831 RSUs are part of a 95,000-unit restricted stock grant awarded on February 8, 2024. One-third vested after one year, additional units vested under a Separation Agreement, and remaining units vest in two equal future annual installments.
What does the Separation Agreement mentioned in the MacroGenics (MGNX) Form 4 affect?
The Separation Agreement caused one-half of the remaining RSUs from the original 95,000-unit grant to vest on August 13, 2025. The filing notes this accelerated vesting, while the final unvested RSUs vest in two equal annual installments on the grant anniversary.