Executive at Myriad Genetics (MYGN) adds 5,000 shares via ESPP plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Myriad Genetics Chief Commercial Officer Brian J. Donnelly acquired 5,000 shares of common stock through the company’s Amended and Restated 2012 Employee Stock Purchase Plan. The shares were acquired at a price of $3.936 per share in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c).
After this acquisition, Donnelly directly holds 573,363 shares of Myriad Genetics common stock, indicating this is a relatively small, routine, compensation-related increase in his overall equity position rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Donnelly Brian J
Role
Chief Commerical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,000 | $3.936 | $20K |
Holdings After Transaction:
Common Stock — 573,363 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 5,000 shares
Acquisition price: $3.936 per share
Shares owned after transaction: 573,363 shares
+2 more
5 metrics
Shares acquired
5,000 shares
Common Stock acquired on 2026-06-11
Acquisition price
$3.936 per share
Price under employee stock purchase plan
Shares owned after transaction
573,363 shares
Direct holdings following acquisition
Transaction code
Code A
Grant, award, or other acquisition
Rule exemption
Rule 16b-3(d) and Rule 16b-3(c)
Plan-based transaction exemption
Key Terms
Amended and Restated 2012 Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), Grant, award, or other acquisition
4 terms
Amended and Restated 2012 Employee Stock Purchase Plan financial
"These shares were acquired under the Issuer's Amended and Restated 2012 Employee Stock Purchase Plan"
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did MYRIAD GENETICS INC (MYGN) report for Brian J. Donnelly?
MYRIAD GENETICS reported that Chief Commercial Officer Brian J. Donnelly acquired 5,000 shares of common stock. The shares were obtained through the company’s Amended and Restated 2012 Employee Stock Purchase Plan in an exempt, compensation-related transaction rather than an open-market purchase.
What is the significance of Rule 16b-3 exemptions in Brian J. Donnelly’s MYGN transaction?
The filing notes the transaction is exempt under Rule 16b-3(d) and Rule 16b-3(c), which cover certain insider transactions under compensatory plans. This indicates Donnelly’s 5,000-share acquisition was made through an approved employee plan, not as a discretionary open-market trading decision.