SIGA director updates stake via RSUs, disposition
SIGA Technologies director Gary J. Nabel reported several equity compensation transactions.
Rhea-AI Filing Summary
SIGA Technologies director Gary J. Nabel reported several equity compensation transactions. On June 9, 2026, he exercised 24,116 restricted stock units into the same number of common shares at a stated price of $0.00 per share and then disposed of 7,235 common shares back to the company at $4.39 per share in a transaction classified as a disposition to the issuer. Following these moves, he directly held 73,754 shares of common stock. Nabel also reported a prior grant of 34,169 restricted stock units, which vest on the date of the company’s 2027 annual meeting of stockholders, with footnotes noting that a portion of these RSUs may be cash-settled to address tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,116 shares exercised/converted
Exercise
4 txns
Insider
Nabel Gary J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unites | 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 Unites — 0 contracts (Direct);
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
Disposition to issuer: 7,235 shares at $4.39/share
RSUs exercised: 24,116 shares
RSU grant: 34,169 RSUs
+2 more
5 metrics
Disposition to issuer
7,235 shares at $4.39/share
Common stock disposition to issuer on June 9, 2026
RSUs exercised
24,116 shares
Exercise or conversion of derivative security on June 9, 2026
RSU grant
34,169 RSUs
Grant representing contingent rights to common stock
Post-transaction holdings
80,989 shares
Common stock directly held after transactions
RSUs expected cash-settled
Up to 10,251 RSUs
Portion of RSUs expected to settle in cash value
Key Terms
Restricted stock units ("RSUs"), Disposition to issuer, Exercise or conversion of derivative security, annual meeting of stockholders, +1 more
5 terms
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") represent contingent rights to receive common stock"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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""
annual meeting of stockholders financial
"fully vested on the date of the Company's 2026 annual meeting of stockholders"
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 Gary J. Nabel report?
Gary J. Nabel reported exercising 24,116 restricted stock units into common shares and returning 7,235 common shares to SIGA at $4.39 per share. He also disclosed a grant of 34,169 restricted stock units tied to future vesting at a 2027 stockholders’ meeting.
What restricted stock unit grants did SIGA (SIGA) disclose for Gary J. Nabel?
SIGA disclosed a grant of 34,169 restricted stock units to Gary J. Nabel. These RSUs fully vest on the date of the company’s 2027 annual meeting of stockholders, and a portion, up to 10,251 units, may be settled in cash at the board’s discretion.
How are Gary J. Nabel’s SIGA (SIGA) restricted stock units expected to settle?
Nabel’s restricted stock units generally represent rights to receive SIGA common stock on a one-for-one basis. Footnotes state up to 10,251 RSUs are expected to settle in cash value, though the board may instead settle them in shares at its discretion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
