Roivant (NASDAQ: ROIV) president exercises 200K options and sells 200K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roivant Sciences Ltd. President & Immunovant CEO Eric Venker exercised stock options for 200,000 Common Shares at an exercise price of $3.85 per share and on the same day sold 200,000 Common Shares in open-market transactions at a weighted average price of $28.24 per share.
Following these transactions, Venker directly owned 1,647,546 Common Shares. The sale price reflects multiple trades within a range from $28.04 to $28.45, as disclosed in the filing footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 200,000 shares ($5,648,000)
Net Sell
3 txns
Insider
Venker Eric
Role
President & Immunovant CEO
Sold
200,000 shs ($5.65M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 200,000 | $0.00 | -- |
| Exercise | Common Shares | 200,000 | $3.85 | $770K |
| Sale | Common Shares | 200,000 | $28.24 | $5.65M |
Holdings After Transaction:
Stock Option (Right to Buy) — 4,844,834 shares (Direct);
Common Shares — 1,847,546 shares (Direct)
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.04 to $28.45, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range. Award of stock options to purchase Common Shares with a vesting commencement date of April 20, 2022. These options vest and become exercisable (i) 25% on the first anniversary of the applicable vesting commencement date and (ii) in 36 equal monthly installments thereafter, subject generally to the reporting person's continuous service through each vesting date (unless otherwise provided in the applicable award documentation).
FAQ
What did Roivant Sciences (ROIV) executive Eric Venker report in this Form 4?
Eric Venker reported exercising options for 200,000 Roivant Sciences Common Shares and selling 200,000 shares the same day. These transactions converted an option position into shares, then into cash through open-market sales at a weighted average price of $28.24.
What stock option exercise did Eric Venker report for Roivant Sciences (ROIV)?
Eric Venker exercised stock options covering 200,000 Roivant Sciences Common Shares at an exercise price of $3.85 per share. These options were part of an award that began vesting on April 20, 2022, with vesting over several years subject to continued service.