Vir Biotechnology (VIR) director Sato exercises options and sells 42,377 shares
Rhea-AI Filing Summary
Vir Biotechnology director Vicki L. Sato reported option exercises and related share sales. She exercised a stock option for 42,377 shares of common stock at a price of $1.485 per share and received common shares upon exercise.
On the same date, she sold 42,377 common shares in open-market transactions, including 42,177 shares at a weighted average price of $9.7521 per share and 200 shares at $10.26 per share. The weighted-average sale involved multiple trades between $9.23 and $10.20 per share under a Rule 10b5-1 trading plan adopted on March 27, 2025. After these transactions, she directly owned 1,144,391 Vir Biotechnology common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 42,377 shares ($350K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
SATO VICKI L
Role
Director
Sold
42,377 shs ($413K)
Approx. gross sale proceeds
$413K
Approx. exercise cost
$63K
Approx. pre-tax spread
$350K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 42,377 | $0.00 | $0.00 |
| Exercise | Common Stock | 42,377 | $1.485 | $63K |
| Sale | Common Stock | 42,177 | $9.7521 | $411K |
| Sale | Common Stock | 200 | $10.26 | $2K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 1,144,391 shares (Direct)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 27, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.23 to $10.20, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3. Shares vested and became exercisable in 36 equal monthly installments from October 5, 2017.
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FAQ
What did Vir Biotechnology (VIR) director Vicki L. Sato report in this Form 4?
Vicki L. Sato reported exercising stock options and selling common shares. She exercised options for 42,377 shares at $1.485 each and sold 42,377 shares in open-market trades, ending with direct ownership of 1,144,391 Vir Biotechnology shares.
What option exercise did Vicki L. Sato report for Vir Biotechnology (VIR)?
She exercised a stock option covering 42,377 Vir Biotechnology shares at $1.485 per share. The option had vested in 36 equal monthly installments starting October 5, 2017, resulting in the acquisition of common shares before the reported sales.
Was the Vir Biotechnology (VIR) insider sale under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were made under a Rule 10b5-1 trading plan. This plan was adopted by Vicki L. Sato on March 27, 2025, providing a pre-arranged framework for executing the reported stock sales automatically.