Nabel Gary J. 4
4 · SIGA TECHNOLOGIES INC · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
SIGA Director Gary Nabel Receives Award, Sells 7,235 Shares
What Happened
Gary J. Nabel, a director of SIGA Technologies, reported RSU vesting and related transactions on 2026-06-09. A total of 34,169 restricted stock units (RSUs) were involved: 24,116 RSUs were converted into common shares and delivered to him, while 7,235 RSUs were cash-settled (sold back to the issuer) at $4.39 per share for proceeds of $31,762. The filings also show derivative/option conversion entries associated with the RSU settlement.
Key Details
- Transaction date: 2026-06-09; Form 4 filed 2026-06-10 (timely).
- Cash-settled shares: 7,235 shares at $4.39 each — total $31,762 (disposition to issuer to cover withholding/taxes).
- Shares issued/converted: 24,116 shares acquired via conversion/exercise of RSU-type derivatives.
- Grant: 34,169 RSUs involved (original grant referenced in footnotes).
- Shares owned after the transaction: not specified in the provided excerpt.
- Relevant footnotes:
- RSUs convert one-for-one into common stock (F1).
- Partial cash-settlement is part of the Board compensation program to address tax obligations (F2).
- The RSUs were granted on June 10, 2025 and vested at the company’s 2026 annual meeting (F3).
- Up to 10,251 RSUs may be settled in cash at the Board’s discretion; here 7,235 were cash-settled (F4).
- (Another footnote references RSU vesting on the 2027 annual meeting for different grants) (F5).
Context
This was primarily an award/vesting event, not an open-market sale: some RSUs converted into shares for the director while a portion was cash-settled (commonly used to cover tax withholding). Derivative-code M denotes conversion/exercise of RSU-like awards. Such cash-settlements are routine and do not necessarily signal insider sentiment about the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $.0001 per share
[F1]2026-06-09+24,116→ 80,989 total - Disposition to Issuer
Common Stock, par value $.0001 per share
[F2]2026-06-09$4.39/sh−7,235$31,762→ 73,754 total - Exercise/Conversion
Restricted Stock Unites
[F1][F3]2026-06-09−24,116→ 0 total→ Common Stock, par value $.0001 per share (24,116 underlying) - Award
Restricted Stock Units
[F4][F5]2026-06-09+34,169→ 34,169 total→ Common Stock, par value $.0001 per share (34,169 underlying)
Footnotes (5)
- [F1]Restricted stock units ("RSUs") represent contingent rights to receive common stock of SIGA Technologies, Inc. (the "Company") on a one-for-one basis.
- [F2]Reflects RSUs that were cash-settled, per the terms of the compensation program for Board Directors and as noted on the Form 4 filed on June 11, 2025. Partial cash-settlement of RSUs under the Board compensation program is designed to address tax obligations in connection with the vesting of RSUs.
- [F3]The RSUs were granted on June 10, 2025, and fully vested on the date of the Company's 2026 annual meeting of stockholders.
- [F4]RSUs represent contingent rights to receive common stock of the Company on a one-for-one basis, of which up to 10,251 RSUs are expected to settle in cash value thereof but may be settled in shares at the discretion of the Board of Directors.
- [F5]The RSUs fully vest on the date of the Company's 2027 annual meeting of stockholders.