HIGGINS JOHN L 4

What Happened John L. Higgins, a director of OmniAb, reported derivative activity and awards on 2026-06-17. The Form 4 shows an "exercise or conversion" of derivatives (code M) involving 20,000 shares, a related derivative disposition of 20,000 shares reported at $0, and two award/acquisition entries (code A) for 20,000 and 40,000 shares (total 60,000 RSUs) reported at $0. The filings show no cash proceeds for the transactions.

Key Details

• Transaction date: 2026-06-17 (reported in Form 4 filed 2026-06-18, accession 0001208906-26-000005).
• Reported items:
  • M (exercise/conversion): 20,000 shares acquired (price N/A)
  • M (exercise/conversion): 20,000 shares disposed, $0.00 (derivative)
  • A (award/grant): 20,000 RSUs acquired, $0.00
  • A (award/grant): 40,000 RSUs acquired, $0.00
• Shares owned after transaction: not reported on this Form 4.
• Notable footnotes:
  • F1/F3: The RSUs stem from a June 17, 2025 grant and vest in full on the earlier of the next annual meeting or the first anniversary of the grant.
  • F2: Each RSU represents the right to one share of common stock.
  • F4: Stock options (derivatives) vest and become exercisable under the same timing condition noted above.
• Filing timeliness: No late filing is indicated on the form.

Context

• The Form 4 records a mix of derivative conversion/exercise activity and the vesting/settlement of RSUs. The $0 values and a derivative disposition reported at $0 suggest this was not an open-market sale for cash (no proceeds reported); it may reflect vesting/settlement mechanics rather than a cash sale.
• For retail investors: awards and vested RSUs are routine insider compensation events and do not by themselves indicate buying or selling sentiment. Purchases are generally more informative as bullish signals; this filing documents compensation/settlement activity.