KEANE JOHN M 4
4 · SIGA TECHNOLOGIES INC · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
SIGA Director John Keane Sells 7,235 Shares
What Happened
John M. Keane, a director of SIGA Technologies, reported several insider transactions on 2026-06-09. The material cash transaction was a disposition to the issuer of 7,235 shares at $4.39 per share, totaling $31,762. The filing also shows exercise/conversion and derivative transactions (24,116 shares reported as exercised/converted and a corresponding derivative disposition) and a grant/award of 34,169 RSU-equivalent units (reported at $0).
Key Details
- Transaction date: 2026-06-09; Form 4 filed 2026-06-10 (timely).
- Sale: 7,235 shares disposed to the issuer at $4.39 each = $31,762.
- Derivatives/RSUs: 24,116 shares shown as exercise/conversion (M code) and a related 24,116-share derivative disposition (reported at $0); 34,169 shares reported as a grant/award (A code) at $0.
- Footnotes: RSUs are contingent rights to receive common stock on a one-for-one basis. Some RSUs are cash-settled to cover tax obligations (partial cash-settlement noted in prior filings). Up to 10,251 RSUs may be cash-settled at the Board’s discretion; the RSUs in question were granted June 10, 2025 and vested at the Company’s 2026 annual meeting.
- Shares owned after transaction: not specified in the provided excerpt.
Context
The filing indicates RSU vesting and related cash-settlement to address tax withholding rather than a typical open‑market sale. Derivative (M) activity reflects conversions/exercises and related disposition/settlement mechanics. Such issuer dispositions and cash‑settlements to cover taxes are common and do not necessarily signal a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $.0001 per share
[F1]2026-06-09+24,116→ 24,116 total - Disposition to Issuer
Common Stock, par value $.0001 per share
[F2]2026-06-09$4.39/sh−7,235$31,762→ 16,881 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.