4//SEC Filing
Began Marc A 4
Accession 0000805928-25-000035
CIK 0000805928other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 6:24 PM ET
Size
10.5 KB
Accession
0000805928-25-000035
Insider Transaction Report
Form 4
Axogen, Inc.AXGN
Began Marc A
EVP & General Counsel
Transactions
- Exercise/Conversion
Common Stock
2025-03-01+22,500→ 24,186 total - Tax Payment
Common Stock
2025-03-04$18.36/sh−5,901$108,342→ 18,285 total - Exercise/Conversion
Restricted Stock Units
2025-03-01−22,500→ 22,500 totalExercise: $0.00→ Common Stock (22,500 underlying)
Footnotes (5)
- [F1]This reflects the number of restricted stock units that vested on March 1, 2025.
- [F2]Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units on March 1, 2025. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F3]The reported price in Column 4 is a weighted average sale price. These shares were sold on March 4, 2025 in multiple transactions at prices ranging from $18.34 to $18.77 per share. 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 purchased at each separate price within the range set forth in this footnote.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Axogen, Inc. common stock.
- [F5]All shares of Axogen, Inc. common stock underlying the restricted stock units will be fully vested on March 1, 2027 based on a vesting schedule whereby 50% of the aggregate shares vest on March 1, 2025, and an additional 25% of the aggregate shares vest each twelve months thereafter. Vested shares will be delivered to the Reporting Person upon the vesting date. The RSUs were granted pursuant to an inducement award agreement outside of the Issuer's Amended and Restated 2019 Long-Term Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c)(4).
Documents
Issuer
Axogen, Inc.
CIK 0000805928
Entity typeother
Related Parties
1- filerCIK 0001821352
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 6:24 PM ET
- Size
- 10.5 KB