Roivant Sciences (NASDAQ: ROIV) director exercises 70K options, sells 70K shares
Rhea-AI Filing Summary
Roivant Sciences director Meghan Fitzgerald exercised stock options for 70,000 Common Shares at an exercise price of $8.80 per share and immediately sold the same 70,000 shares in an open-market transaction. The sale had a weighted average price of $27.45 per share, with individual trades executed between $27.32 and $27.80. Following these transactions, Fitzgerald directly holds 42,963 Common Shares, and the exercised option award is now fully vested and exhausted.
Positive
- None.
Negative
- None.
Insights
Director exercised options and sold the resulting shares in a routine liquidity move.
Director Meghan Fitzgerald exercised stock options for 70,000 Common Shares at an exercise price of $8.80 and sold the same number of shares at a weighted average of $27.45. This is a classic exercise-and-sell pattern, turning an equity award into cash.
The filing shows no remaining derivative holdings related to this option grant, indicating a full exercise. After the sale, Fitzgerald continues to hold 42,963 Common Shares directly. With only this filing’s data, the event appears to be a routine disposition of an equity award rather than a thesis-changing signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 70,000 | $0.00 | -- |
| Exercise | Common Shares | 70,000 | $8.80 | $616K |
| Sale | Common Shares | 70,000 | $27.45 | $1.92M |
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.32 to $27.80, 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 that is fully vested.
Key Figures
Key Terms
Stock Option (Right to Buy) financial
weighted average price financial
open-market sale financial
fully vested financial
FAQ
What did Roivant Sciences (ROIV) director Meghan Fitzgerald do in this Form 4?
What does the option exercise in the Roivant Sciences (ROIV) Form 4 represent?
Were the Roivant Sciences (ROIV) transactions in this Form 4 open-market trades?