PACE GARY W 4
4 · Cardiff Oncology, Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Cardiff Oncology Director Gary Pace Buys $1.0M of Stock
What Happened
Director Gary W. Pace made a purchase on July 14, 2026: he acquired 687,285 common shares of Cardiff Oncology (CRDF) at $1.46 per share for a total cash outlay of $1,000,000. The filing also shows an acquisition of 687,285 derivative securities (common warrants) at $0 consideration that are tied to the same share amount.
Key Details
- Transaction date: 2026-07-14; Form 4 filed: 2026-07-16 (timely, within standard 2 business days).
- Cash purchase: 687,285 shares @ $1.46 = $1,000,000.
- Derivative acquisition: 687,285 warrants (acquired at $0.00 consideration).
- Footnotes: F1 — warrants become exercisable on the later of (i) six months after issuance or (ii) the date the company increases authorized shares and stockholder approval is obtained; F2 — exercise term is 5.5 years after that Initial Exercise Date.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
Purchases by insiders can be viewed as more informative than sales since they represent a cash commitment; this filing shows both an outright share purchase and receipt of time-locked warrants. The warrants cannot be exercised immediately — they have a delayed exercisability condition and a multi-year exercise window once exercisable. This summary is factual only and does not infer the insider’s motives.
Insider Transaction Report
- Purchase
Common Stock
2026-07-14$1.46/sh+687,285$1,000,000→ 2,043,661 total - Purchase
Common Stock Purchase Warrant
[F1][F2]2026-07-14+687,285→ 687,285 totalExercise: $1.33→ Common Stock (687,285 underlying)
Footnotes (2)
- [F1]Exercisable beginning on the later of (i) six months after issuance or (ii) the Authorized Share Increase Date (the "Initial Exercise Date"). "Authorized Share Increase Date" means the date on which an amendment to the Issuer's certificate of incorporation increasing the number of authorized shares of its common stock to an amount sufficient for the exercise in full of the Common Warrants is filed with and accepted by the State of Delaware, subject to approval of such amendment by its stockholders.
- [F2]The term of exercise is equal to five and one-half years after the Initial Exercise Date.