VIR Form 144: 1668404 Shares Proposed Sale on NASDAQ
Rhea-AI Filing Summary
Vir Biotechnology, Inc. submitted a Form 144 notifying a proposed sale of 1668404 shares of its Common Stock through BTIG, LLC on the NASDAQ with an approximate aggregate market value of $9526586.84. The filing shows the shares were originally acquired on 10/16/2019 upon automatic conversion of convertible preferred stock that had been purchased between August 2017 and January 2019, with 21666666 shares noted as the amount acquired and 01/31/2019 listed as a payment date. The issuer's total shares outstanding are listed as 138916426, and the proposed approximate sale date is 10/03/2025. The filer represents there are no undisclosed material adverse facts and indicates no securities were sold by this person in the past three months.
Positive
- Brokered sale disclosed through BTIG, LLC with exchange listed as NASDAQ
- Acquisition provenance provided: shares arose from automatic conversion on 10/16/2019 of convertible preferred stock
- No securities sold in past 3 months reported for the selling person
Negative
- Proposed sizeable sale of 1668404 shares with aggregate value $9526586.84
- Large original holding is shown: 21666666 shares were acquired previously (conversion)
Insights
Form 144 documents a proposed Rule 144 sale via BTIG of 1668404 Vir shares on 10/03/2025.
The filing follows Rule 144 disclosure requirements by naming the broker (BTIG, LLC), the class (Common Stock), the number of shares (1668404), the aggregate value ($9526586.84), and the intended exchange (NASDAQ).
It also discloses acquisition provenance: the shares were received on 10/16/2019 via automatic conversion of convertible preferred stock acquired from August 2017 to January 2019, with 21666666 shares recorded as acquired and 01/31/2019 as a payment date. This information supports Rule 144 eligibility claims by documenting holding origin and purchase timing.
FAQ
What does Vir Biotechnology's (VIR) Form 144 disclose?
Did the filer report any sales of Vir securities in the past three months?