SIGA Director Harold Ford Sells 7,235 Shares for $31.8K

What Happened

• Harold E. Ford Jr., a director of SIGA Technologies, converted/exercised derivatives and received RSU awards on 2026-06-09. The filing shows: a conversion/exercise of 24,116 derivative shares, an award/acquisition of 34,169 RSU-based derivative units, and a disposition to the issuer of 7,235 shares at $4.39 per share for proceeds of $31,762.
• The dispositions and awards relate to restricted stock units (RSUs) and derivative conversions rather than an open-market sale. Some RSUs were cash-settled to address tax withholding as part of the board compensation program.

Key Details

• Transaction date: 2026-06-09 (Form 4 filed 2026-06-10 — timely).
• Sale to issuer: 7,235 shares at $4.39 → $31,762 total.
• Derivative activity: 24,116 shares shown as exercised/converted (codes M) and 34,169 shares reported as an award/grant (code A); several entries list $0.00 or N/A as the price (typical for RSU conversions/awards).
• Shares owned after the transaction: Not specified in the filing.
• Relevant footnotes:
  • RSUs are contingent rights to receive common stock one-for-one (F1, F4).
  • Partial cash-settlement of RSUs was used to address tax withholding as allowed under the board compensation program (F2); up to 10,251 RSUs may be settled in cash (F4).
  • Some RSUs were granted June 10, 2025 and vested at the 2026 annual meeting (F3); other RSUs referenced may vest on the 2027 annual meeting (F5).

Context

• These entries reflect compensation-related RSU vesting/conversion and partial cash settlement for taxes rather than an independent open-market sale to a third party. When RSUs vest, companies commonly withhold or cash-settle some shares to cover tax obligations; that appears to be the case here.