Vir Biotechnology (VIR) CEO shifts 467,064 shares into family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology, Inc. director and President & CEO Marianne De Backer reported a restructuring of her common stock holdings. Two Form 4 transactions with code J reclassified a total of 467,064 shares at a stated price of $0.00 per share.
One entry moved 233,532 shares into indirect ownership held by the Ureel-De Backer Family Trust, where she and her spouse serve as trustees, following a transfer without consideration for tax and estate planning purposes. A parallel entry shows 233,532 shares under direct ownership, leaving her with 714,613 directly held shares and 286,650 indirectly held shares after these changes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
De Backer Marianne
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 233,532 | $0.00 | -- |
| Other | Common Stock | 233,532 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 714,613 shares (Direct, null);
Common Stock — 286,650 shares (Indirect, See Footnote)
Footnotes (1)
- Transfer without consideration for tax and estate planning purposes. The shares are held in the name of the Ureel-De Backer Family Trust, of which the Reporting Person and her spouse are Trustees.
Key Figures
Restructured shares total: 467,064 shares
Shares per transaction: 233,532 shares
Direct holdings after transaction: 714,613 shares
+3 more
6 metrics
Restructured shares total
467,064 shares
Total shares in restructuring transactions coded J
Shares per transaction
233,532 shares
Each of the two non-derivative transactions
Direct holdings after transaction
714,613 shares
Common Stock held directly after restructuring
Indirect holdings after transaction
286,650 shares
Common Stock held indirectly via family trust
Transaction price
$0.00 per share
Stated price for the reclassified Common Stock
Restructuring share count
467,064 shares
Classified as restructuringShares in transaction summary
Key Terms
Form 4, transaction code J, indirect ownership, Ureel-De Backer Family Trust, +1 more
5 terms
Form 4 regulatory
"CEO Marianne De Backer reported these insider changes on Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code J regulatory
"Both entries use transaction code J for other acquisition or disposition."
indirect ownership financial
"Some shares are reported as indirect ownership through a family trust."
Ureel-De Backer Family Trust financial
"Shares are held by the Ureel-De Backer Family Trust, with her as trustee."
tax and estate planning financial
"The transfer occurred without consideration for tax and estate planning purposes."
FAQ
What insider transaction did Vir Biotechnology (VIR) report for Marianne De Backer?
Vir Biotechnology reported a Form 4 for CEO Marianne De Backer showing two code J transactions reclassifying 467,064 common shares. These were transfers without consideration linked to tax and estate planning, affecting how her holdings are split between direct ownership and a family trust.
Did Marianne De Backer buy or sell Vir Biotechnology (VIR) stock in this filing?
The filing does not show open-market buying or selling. Instead, both entries use transaction code J, indicating other types of acquisition or disposition. The footnotes describe a transfer without consideration for tax and estate planning rather than a cash purchase or sale.
What is the role of the Ureel-De Backer Family Trust in this Vir Biotechnology (VIR) Form 4?
The Ureel-De Backer Family Trust holds part of Marianne De Backer’s Vir Biotechnology shares as indirect ownership. The Form 4 notes the trust as owner of certain shares and explains that De Backer and her spouse act as trustees, aligning with the tax and estate planning transfer disclosed.
What are Marianne De Backer’s Vir Biotechnology (VIR) holdings after the reported transactions?
After the reported restructuring, the Form 4 lists 714,613 Vir Biotechnology common shares held directly by Marianne De Backer. It also shows 286,650 common shares held indirectly, in the Ureel-De Backer Family Trust, reflecting the updated allocation between her direct and trust holdings.