McDonnell Matthew 4
Research Summary
AI-generated summary
Anteris (AVR) CFO Matthew McDonnell Exercises Options
What Happened
Matthew McDonnell, Chief Financial Officer of Anteris Technologies Global Corp. (AVR), exercised a total of 62,001 stock options on June 5, 2026 (2,001 options at A$/USD-equivalent $4.84 and 60,000 options at $6.32). The exercises resulted in acquisition of 62,001 CHESS Depositary Interests (CDIs) with an aggregate exercise cost reported at about $388,885 (USD). To satisfy the exercise price/tax withholding, 39,595 CDIs were surrendered/disposed with a reported value of $389,219 (USD), leaving a net 22,406 CDIs retained from this exercise.
Key Details
- Transaction date: June 5, 2026 (filed with SEC on June 9, 2026 — timely filing).
- Exercise details: 2,001 options exercised @ $4.84 = $9,685; 60,000 options exercised @ $6.32 = $379,200 (USD amounts converted from AUD at A$1.00 = $0.7121).
- Withholding/disposal: 39,595 CDIs surrendered @ $9.83 = $389,219 to cover exercise price/tax liabilities (reported as code F).
- Net retained from this exercise: 62,001 acquired − 39,595 surrendered = 22,406 CDIs.
- Footnotes: CDIs represent beneficial ownership of AVR common stock and are held via CHESS Depositary Nominees (ASX). Options were held by Quadroo Pty Ltd as trustee for the McDonnell Family Trust; Mr. McDonnell and his spouse have voting/investment power. Options granted 2019 (2,001) and 2021 (60,000) with typical vesting schedules noted in the filing.
- Filing timeliness: Appears timely (transaction 6/5/26, Form 4 filed 6/9/26).
Context
This was an option exercise with a share-surrender (net or cashless-style) component — the filing shows options converted into CDIs, and a portion of the resulting CDIs were surrendered/withheld to meet exercise price and tax obligations. CDIs trade on the ASX and represent beneficial ownership of Anteris common stock; the filing reflects internal trust/custodian holdings rather than an open-market sale.