Nemirovsky Julian 4
4 · SIGA TECHNOLOGIES INC · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
SIGA Director Julian Nemirovsky Receives RSUs; Surrenders 7,235 Shares
What Happened
Julian Nemirovsky, a director of SIGA Technologies, reported RSU vesting and related derivative activity on June 9, 2026. The filing shows a grant/acquisition of 34,169 RSU-related shares (reported as a derivative award), conversion/exercise activity of 24,116 derivative units, and a disposition to the issuer of 7,235 shares at $4.39 per share for total cash of $31,762. Two derivative entries show conversions/exercises recorded with $0 proceeds, consistent with non‑cash settlement mechanics disclosed in the footnotes.
Key Details
- Transaction date: 2026-06-09; Form 4 filed 2026-06-10 (timely filing).
- Reported items:
- Grant/Award (A): 34,169 RSU-based shares acquired (derivative; $0 reported).
- Exercise/Conversion (M): 24,116 derivative units reported (one entry as acquired, one entry as disposed at $0).
- Disposition to issuer (D): 7,235 shares at $4.39 — proceeds $31,762 (cash settlement to issuer).
- Shares owned after the transactions: not disclosed in the provided excerpt.
- Footnotes: RSUs are one-for-one contingent rights to common stock; some RSUs are cash-settled to address tax obligations. The RSUs were granted June 10, 2025, fully vested at the 2026 annual meeting; up to 10,251 RSUs may be settled in cash at the Board’s discretion.
- Transaction codes: A = award/grant, M = exercise/conversion of derivative, D = disposition to issuer.
Context
These entries reflect RSU vesting and related settlement mechanics (including partial cash settlement to cover tax withholding), not an open-market sale. The 7,235-share disposition to the issuer for $31,762 appears to be tax withholding/cash settlement rather than a market sale; such withholding is common when RSUs vest. Derivative exercise/conversion reported with $0 proceeds typically indicates internal conversion/settlement rather than a cash sale to outside investors.
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 Units
[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.