Guiheen Lawrence P. 4

What Happened

• Lawrence P. Guiheen, a director of ADMA Biologics (ADMA), exercised stock options to acquire 30,000 shares on 2026-03-13 at $3.66 per share (total cost $109,800). He subsequently reported a gift of 30,000 shares on 2026-03-17 to the Lawrence P Guiheen Irrevocable Trust (dated 9/20/19), over which he retains control but disclaims beneficial ownership except to the extent of any pecuniary interest. The Form 4 also shows a derivative disposition entry related to the exercise.

Key Details

• Transaction dates and prices:
  • 2026-03-13: Option exercise (code M) — 30,000 shares acquired at $3.66 each (total $109,800).
  • 2026-03-17: Gift (code G) — 30,000 shares transferred to the 2019 Guiheen Irrevocable Trust (reported at $0.00).
  • The filing also reports a derivative disposition entry tied to the exercise.
• Shares reported after these transactions: 175,820 shares of common stock beneficially owned (this total includes 94,830 shares directly owned by Mr. Guiheen, 30,000 shares held in the 2019 Guiheen Irrevocable Trust, and 50,990 shares held in a separate Lawrence P Guiheen Irrevocable Trust 1). In addition, 10,690 RSUs granted 2/9/2026 vest on 2/9/2027 (per footnote).
• Notable footnotes:
  • F2: The 30,000-share gift went to the 2019 Guiheen Irrevocable Trust; Mr. Guiheen retains control and disclaims beneficial ownership except to the extent of pecuniary interest.
  • F5: The option exercise was done, in part, because the option was nearing its expiration.
  • F6: The options vested in 24 equal monthly installments and became fully vested on the one-year anniversary of grant.
• Filing timeliness: Transaction date 2026-03-13; Form 4 filed 2026-03-17. This is beyond the typical two-business-day Form 4 deadline and may be considered late.

Context

• For retail investors: an option exercise followed by a gift to a trust is often an administrative or estate-planning move and should not be read as a straightforward bullish or bearish signal. Footnotes indicate the exercise was partly driven by option expiration timing. Gifts generally do not reflect the insider’s view of company prospects.