Miller Larry R. 4
4 · SIGA TECHNOLOGIES INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
SIGA GC Larry Miller Receives RSU Award Shares
What Happened
- Larry R. Miller, General Counsel of SIGA Technologies (SIGA), reported the vesting/acquisition of 68,060 shares from restricted stock units (RSUs) on March 13, 2026. The issuer withheld 11,187 shares to satisfy tax withholding obligations (based on the $5.26 closing price), valued at $58,844.
- The filing also reports conversion/exercise of 21,261 derivative shares (reported as exercised/converted and cancelled) at $0 — these appear as non‑cash derivative conversions associated with the equity award.
Key Details
- Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (appears timely).
- Vesting: 68,060 RSU shares acquired (represents one‑third of RSUs granted March 13, 2025; RSUs vest one‑third annually).
- Tax withholding: 11,187 shares withheld at $5.26/share = $58,844 (code F).
- Derivatives: 21,261 derivative shares shown exercised/converted and cancelled at $0 — reported as M entries (no cash proceeds).
- Shares owned after transaction: Not provided in the supplied data.
Context
- This was an award/vesting transaction (A) with tax withholding (F), not an open‑market buy or sale; such vesting is routine compensation, not a market directional trade.
- The derivative (M) entries reflect conversions/cancellations of underlying derivative securities tied to the award and involved no cash exchange; the net common shares received after withholding appear to be 68,060 − 11,187 = 56,873 shares.
Insider Transaction Report
Form 4
Miller Larry R.
General Counsel
Transactions
- Exercise/Conversion
Common Stock, par value $.0001 per share
[F1]2026-03-13+21,261→ 59,705 total - Tax Payment
Common Stock, par value $.0001 per share
[F2]2026-03-13$5.26/sh−11,187$58,844→ 48,518 total - Exercise/Conversion
Restricted Stock Units
[F3]2026-03-13−21,261→ 42,523 total→ Common Stock, par value $.0001 per share (21,261 underlying) - Award
Restricted Stock Units
[F3]2026-03-13+68,060→ 68,060 total→ Common Stock, par value $.0001 per share (68,060 underlying)
Footnotes (3)
- [F1]Represents the acquisition of Common Stock from the vesting of one-third of the restricted stock units ("RSUs") granted on March 13, 2025.
- [F2]Represents the withholding by the Issuer of shares of Common Stock (based on $5.26 per share, the closing stock price on March 13, 2026) to satisfy tax withholding obligations associated with the vesting of RSUs and the consequent issuance of Common Stock.
- [F3]RSUs represent contingent rights to receive Common Stock on a one-for-one basis. The RSUs vest over three years, one-third on each of the first three anniversaries of the date of grant.
Signature
/s/ Larry R. Miller|2026-03-17