TG Therapeutics (NASDAQ: TGTX) grants CEO 622K performance shares
Rhea-AI Filing Summary
TG Therapeutics reported that CEO and director Michael S. Weiss received a grant of 622,000 shares of restricted common stock on January 8, 2026. The shares were granted at a price of $0 per share and are subject to performance-based vesting. They will vest on the first anniversary of the date on which the company’s total shareholder return first exceeds the return of the Nasdaq Biotechnology Index over a 3-, 5-, 7-, or 9-year period. Following this award, Weiss beneficially owned 9,778,086 shares of common stock, including other restricted shares that vest over various time periods.
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FAQ
What did TG Therapeutics (TGTX) disclose in this Form 4 filing?
The filing shows that CEO and director Michael S. Weiss received a grant of 622,000 shares of restricted common stock on January 8, 2026, with performance-based vesting conditions.
How many TG Therapeutics shares does Michael S. Weiss own after this grant?
After the reported transaction, Michael S. Weiss beneficially owned 9,778,086 shares of TG Therapeutics common stock, including restricted shares that vest over time.
What are the vesting conditions for the 622,000 restricted TG Therapeutics shares?
The 622,000 restricted shares will vest on the first anniversary of the date when TG Therapeutics’ total shareholder return first exceeds the return of the Nasdaq Biotechnology Index over a 3-, 5-, 7-, or 9-year period.
Did Michael S. Weiss pay anything for the newly granted TG Therapeutics shares?
No. The 622,000 restricted shares were granted at a price of $0 per share, reflecting an equity award rather than an open-market purchase.
Is this TG Therapeutics Form 4 transaction a purchase, sale, or award?
The transaction is coded "A" for acquisition and represents an equity award of restricted shares to the CEO, not an open-market purchase or sale.
Are all of Michael S. Weiss’s TG Therapeutics shares fully vested?
No. The total 9,778,086 shares beneficially owned include restricted common stock that vests over various time periods, as well as the new performance-based restricted grant.