KEANE JOHN M 4

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.