SCLX Stock Acquisition JV LLC 4
4 · Scilex Holding Co · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Scilex (SCLX) 10% Owner Transfers 500,000 Shares
What Happened
SCLX Stock Acquisition JV LLC, listed as a 10% holder of Scilex Holding Co (SCLX), disposed of 500,000 Scilex shares on July 3, 2026. The filing reports the transaction as code "J" (other acquisition or disposition) and shows no cash price; a footnote states the shares were transferred to Quantum Scan Holdings, Inc. (Q Scan) in exchange for Q Scan common stock, with the transfer value to be based on Scilex’s closing price on the last trading day immediately prior to the transfer. This is a disposition/transfer (not a cash open-market sale or a purchase).
Key Details
- Transaction date: 2026-07-03 (reported on Form 4 filed 2026-07-07). Filing appears timely (filed within required business-day window).
- Shares transferred: 500,000; price shown as N/A. Per footnote, exchange price will be based on SCLX closing price on the last trading day prior to transfer.
- Reporting person: SCLX Stock Acquisition JV LLC — a 10% owner (institutional/ownership entity, not an individual executive).
- Beneficial ownership after transaction: not specified in the provided data. Note: share counts reflect a 1-for-35 reverse split effective April 15, 2025 (per footnote).
- Transaction code: J = other acquisition or disposition; here the filing explains the disposition was an exchange for Q Scan stock under a letter agreement.
Context
This was an institutional-level transfer of shares in exchange for another company’s stock, not an open-market sale. No cash proceeds are disclosed in the Form 4; the ultimate value depends on Scilex’s closing price used in the exchange calculation. Transfers by 10% owners can reflect business/transactional arrangements rather than straightforward insider sentiment.
Insider Transaction Report
- Other
Common stock
[F1][F2]2026-07-03−500,000→ 958,263 total
Footnotes (2)
- [F1]On July 3, 2026, the Reporting Person entered into a letter agreement (the "Letter Agreement") with Quantum Scan Holdings, Inc. ("Q Scan") and the other party named therein, pursuant to which the Reporting Person transferred the shares reported herein to Q Scan in exchange for shares of common stock of Q Scan. The price at which the shares reported herein are being transferred to Q Scan will be based on the closing price of the shares of Scilex common stock on the Nasdaq Capital Market on the last trading day immediately prior to the transfer of such shares pursuant to the Letter Agreement.
- [F2]The number of shares beneficially owned reflects the 1-for-35 reverse stock split effected April 15, 2025.