Scilex CFO buys 650K warrants in open market

Scilex Holding Co director and CFO Stephen Hoi Ma reported an open-market purchase of 650,000 warrants.

Rhea-AI Filing Summary

Scilex Holding Co director and CFO Stephen Hoi Ma reported an open-market purchase of 650,000 warrants. Each warrant was bought at $0.1538 and gives the right to buy one share of common stock at an exercise price of $1.20 per share.

The warrants were acquired on April 17, 2026 and are scheduled to expire on June 18, 2029. Following this transaction, Ma holds 650,000 warrants, each exercisable for one share of Scilex common stock.

Insider Trade Summary

Net Buyer: 650,000 shares

Net Buy 1 txn

Insider Ma Stephen Hoi

Role CFO, COO and Secretary

Bought 650,000 shs ($100K)

Type	Security	Shares	Price	Value
Purchase	Warrant (right to buy)	650,000	$0.1538	$100K

Holdings After Transaction: Warrant (right to buy) — 650,000 contracts (Direct)

Key Figures

Warrants purchased: 650,000 warrants Purchase price per warrant: $0.1538 per warrant Exercise price: $1.20 per share +3 more

6 metrics

Warrants purchased 650,000 warrants Open-market purchase on April 17, 2026

Purchase price per warrant $0.1538 per warrant Open-market transaction

Exercise price $1.20 per share Conversion or exercise price of warrants

Warrant expiration date June 18, 2029 Scheduled warrant expiration

Underlying shares 650,000 shares Common stock underlying the warrants

Warrants held after transaction 650,000 warrants Total derivative holdings following purchase

Key Terms

Warrant (right to buy), open-market purchase, conversion_or_exercise_price, expiration_date

4 terms

Warrant (right to buy) financial

"security_title: "Warrant (right to buy)""

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

conversion_or_exercise_price financial

""conversion_or_exercise_price": "1.2000""

expiration_date financial

""expiration_date": "2029-06-18T00:00:00.000Z""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Scilex (SCLX) report for Stephen Hoi Ma?

Scilex reported that director and CFO Stephen Hoi Ma bought 650,000 warrants in an open-market transaction. Each warrant gives the right to purchase one share of common stock, adding a sizeable derivative position linked to Scilex’s equity.

How many Scilex (SCLX) warrants did the CFO acquire and at what price?

Stephen Hoi Ma acquired 650,000 Scilex warrants at a purchase price of $0.1538 per warrant. This represents a direct cash outlay for a derivative position tied to the company’s common stock.

What is the exercise price and term of the Scilex (SCLX) warrants purchased?

The warrants purchased by Scilex CFO Stephen Hoi Ma have an exercise price of $1.20 per underlying share. They were acquired on April 17, 2026 and are scheduled to expire on June 18, 2029, providing a multi-year exercise window.

What underlying security do the newly acquired Scilex (SCLX) warrants cover?

Each of the 650,000 warrants acquired by Stephen Hoi Ma is exercisable for one share of Scilex common stock. In total, the warrants correspond to rights over 650,000 shares if exercised at the $1.20 exercise price.

How many Scilex (SCLX) warrants does the CFO hold after this transaction?

After the reported transaction, Stephen Hoi Ma holds 650,000 Scilex warrants. The filing shows this as the total number of warrants beneficially owned following the transaction, all directly held and tied to Scilex common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/20/2026 - 08:56 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ma Stephen Hoi

(Last) (First) (Middle)

C/O SCILEX HOLDING COMPANY

960 SAN ANTONIO ROAD

(Street)

PALO ALTO CALIFORNIA 94303

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Scilex Holding Co [ SCLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO, COO and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (right to buy)	$1.2	04/17/2026		P		650,000		04/17/2026	06/18/2029	Common Stock	650,000	$0.1538	650,000	D

Explanation of Responses:

	/s/ Stephen Ma	04/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)