SIGA director updates equity and RSU holdings
SIGA Technologies Inc director Julian Nemirovsky reported routine equity compensation moves.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
SIGA Technologies Inc director Julian Nemirovsky reported routine equity compensation moves. He exercised 24,116 restricted stock units into common shares and returned 7,235 common shares to the issuer at $4.39 per share. He also received a grant of 34,169 new RSUs that vest at the 2027 annual meeting. Following these transactions, he holds 80,989 common shares directly and 34,169 RSUs tied one-for-one to common stock, with part of the RSUs designed for cash settlement to address tax obligations.
Insider Trade Summary
24,116 shares exercised/converted
Exercise
4 txns
Insider
Nemirovsky Julian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 24,116 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 34,169 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $.0001 per share | 24,116 | $0.00 | $0.00 |
| Disposition | Common Stock, par value $.0001 per share | 7,235 | $4.39 | $32K |
Holdings After Transaction:
Restricted Stock Units — 34,169 contracts (Direct);
Common Stock, par value $.0001 per share — 73,754 shares (Direct)
Footnotes (5)
- F1. Restricted stock units ("RSUs") represent contingent rights to receive common stock of SIGA Technologies, Inc. (the "Company") on a one-for-one basis.
- F2. Reflects RSUs that were cash-settled, per the terms of the compensation program for Board Directors and as noted on the Form 4 filed on June 11, 2025. Partial cash-settlement of RSUs under the Board compensation program is designed to address tax obligations in connection with the vesting of RSUs.
- F3. The RSUs were granted on June 10, 2025, and fully vested on the date of the Company's 2026 annual meeting of stockholders.
- F4. RSUs represent contingent rights to receive common stock of the Company on a one-for-one basis, of which up to 10,251 RSUs are expected to settle in cash value thereof but may be settled in shares at the discretion of the Board of Directors.
- F5. The RSUs fully vest on the date of the Company's 2027 annual meeting of stockholders.
Key Figures
Shares disposed to issuer: 7,235 shares at $4.39
RSUs exercised into common: 24,116 shares
New RSU grant: 34,169 RSUs
+3 more
6 metrics
Shares disposed to issuer
7,235 shares at $4.39
Disposition to issuer on June 9, 2026
RSUs exercised into common
24,116 shares
Exercise or conversion of derivative security
New RSU grant
34,169 RSUs
Grant of RSUs vesting at 2027 annual meeting
Common shares held after
80,989 shares
Direct ownership following transactions
RSUs held after
34,169 RSUs
Contingent rights to SIGA common stock
RSUs expected cash-settled
Up to 10,251 RSUs
May instead be settled in shares at Board discretion
Key Terms
Restricted stock units, Disposition to issuer, Exercise or conversion of derivative security, cash-settled, +1 more
5 terms
Restricted stock units financial
"Restricted stock units ("RSUs") represent contingent rights to receive common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
cash-settled financial
"Reflects RSUs that were cash-settled, per the terms of the compensation program"
Cash-settled describes a financial contract that is resolved by paying the monetary difference between agreed and actual prices, instead of delivering the underlying asset. For investors, it matters because it simplifies trades—like settling a bet with cash rather than handing over the item—and affects liquidity, tax treatment, and counterparty exposure, since you receive or pay only the value change rather than owning or transferring the actual security or commodity.
annual meeting of stockholders financial
"The RSUs fully vest on the date of the Company's 2027 annual meeting of stockholders."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SIGA (SIGA) director Julian Nemirovsky report?
Julian Nemirovsky reported exercising 24,116 restricted stock units into common shares and returning 7,235 common shares to SIGA Technologies Inc. He also received a grant of 34,169 new restricted stock units as part of the company’s director compensation program.
What restricted stock unit (RSU) grant did Julian Nemirovsky receive from SIGA (SIGA)?
Nemirovsky received 34,169 restricted stock units from SIGA Technologies Inc. These RSUs vest fully on the date of the company’s 2027 annual meeting of stockholders and represent contingent rights to receive SIGA common stock on a one-for-one basis, subject to settlement terms.
How are SIGA (SIGA) director RSUs expected to settle for Julian Nemirovsky?
For Nemirovsky, SIGA Technologies Inc notes that up to 10,251 restricted stock units are expected to settle in cash value, though they may be settled in shares at the Board’s discretion. This structure is designed in part to address tax obligations on RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
