SIGA director exercises RSUs, transfers shares to issuer
SIGA Technologies director Joseph W. Marshall III reported several equity compensation-related moves.
Rhea-AI Filing Summary
SIGA Technologies director Joseph W. Marshall III reported several equity compensation-related moves. On June 9, 2026, he exercised 24,116 restricted stock units (RSUs) into common stock at a conversion price of $0.00 per share, and 7,235 common shares were disposed of to the issuer at $4.39 per share. Following these transactions, he directly held 246,523 shares of common stock. He also received a new grant of 34,169 RSUs, which fully vest on the date of SIGA’s 2027 annual meeting of stockholders; up to 10,251 of these RSUs may be settled in cash at the Board’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,116 shares exercised/converted
Exercise
4 txns
Insider
Marshall Joseph W III
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 — 246,523 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
Disposition to issuer: 7,235 shares at $4.39
RSUs exercised: 24,116 units at $0.00
Shares held after: 246,523 shares
+3 more
6 metrics
Disposition to issuer
7,235 shares at $4.39
Common stock returned to issuer on June 9, 2026
RSUs exercised
24,116 units at $0.00
RSUs converted into common stock on June 9, 2026
Shares held after
246,523 shares
Direct common stock ownership following transactions
New RSU grant
34,169 RSUs
Grant vests on 2027 annual meeting date
Cash-settleable RSUs
Up to 10,251 RSUs
Portion expected to settle in cash at Board discretion
Derivative exercises
24,116 shares
Total derivative exercise shares per transaction summary
Key Terms
Restricted Stock Units, Disposition to issuer, Exercise or conversion of derivative security, contingent rights, +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" for 7,235 common shares"
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for RSU exercises"
contingent rights financial
"RSUs represent contingent rights to receive common stock of the Company"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SIGA (SIGA) director Joseph W. Marshall III report?
He reported exercising 24,116 RSUs into common stock and returning 7,235 common shares to SIGA at $4.39 per share. He also received a new grant of 34,169 RSUs tied to the 2027 annual meeting vesting date.
What RSU grant did SIGA (SIGA) disclose for Joseph W. Marshall III?
He received 34,169 restricted stock units, each representing a contingent right to one SIGA common share. These RSUs fully vest on the date of the company’s 2027 annual meeting of stockholders, forming part of the Board’s compensation program.
How do SIGA (SIGA) restricted stock units work for its directors?
Restricted stock units give directors contingent rights to receive SIGA common shares on a one-for-one basis. Some RSUs can be partially cash-settled to address tax obligations, with vesting often tied to the company’s annual stockholder meetings, as described in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
