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.
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