Ji Henry 4

What Happened

• Ji Henry, Executive Chair, CEO & President and a director of Scilex Holding Co. (SCLX), reported buying 3,250,000 derivative shares on 2026-04-16 at $0.15 (reported total $499,850) and selling 650,000 derivative shares on 2026-04-17 at $0.15 (reported total $99,970). Net across the two trades: +2,600,000 derivative shares and a net cash outflow of $399,880. The transactions are reported as derivative securities (not a direct statement that these were option exercises or conversions).

Key Details

• Transaction dates and prices: 2026-04-16 purchase at $0.15 (3,250,000; $499,850 reported); 2026-04-17 sale at $0.15 (650,000; $99,970 reported).
• Net change: +2,600,000 derivative shares; net value ~+$399,880 (purchase minus sale).
• Transaction types: P = purchase, S = sale; filing labels these as "Derivative" transactions and as "open market or private" per the Form 4 entry.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-04-20 for trades on 4/16 and 4/17; the filing appears to be timely (not marked late).

Context

• These trades involve derivative securities tied to Scilex common stock (the Form 4 classifies them as "Derivative"), which can reflect option/warrant activity or similar instruments — the filing does not explicitly state an exercise method here.
• Purchases by executives are often watched as potentially more informative than routine sales, but filings do not reveal motivation; avoid assuming intent. The dollar amounts here (~$0.5M purchased, ~$0.1M sold) are modest in absolute terms.