Chhabra Meenu 4
4 · MACROGENICS INC · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
MacroGenics (MGNX) Director Meenu Chhabra Receives RSU Award
What Happened Meenu Chhabra, a director of MacroGenics, had restricted stock units (RSUs) vest and reported conversions/exercises of derivative holdings in a Form 4 covering May 18–19, 2026. The filing shows acquisitions of 22,000 RSUs and 3,750 RSUs (total 25,750 shares) reported on 2026-05-19 (listed at $0.00 per share as derivative awards). The report also shows a 3,750-share exercise/conversion on 2026-05-18 with a matching 3,750-share disposition at $0.00 (derivative). These entries reflect compensation-related vesting/conversion activity rather than open-market purchases or sales.
Key Details
- Transaction dates and amounts:
- 2026-05-18: exercise/conversion (code M) — 3,750 shares acquired (price N/A) and a 3,750-share disposition at $0.00 (derivative).
- 2026-05-19: grant/award (code A) — 22,000 shares @ $0.00 (derivative).
- 2026-05-19: grant/award (code A) — 3,750 shares @ $0.00 (derivative).
- Total reported newly acquired derivative shares: 25,750 (22,000 + 3,750); the 3,750 exercise on 5/18 is shown alongside a 3,750-share $0 disposition.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Each RSU converts to one share of common stock when settled.
- F3/F4: The RSUs vested on May 18, 2026 (one day before the 2026 annual meeting); the filings list related awards on May 19.
- F2 (option vesting schedule) applies to prior option grants; not directly priced here.
- Timeliness: no late filing indicator was provided in the supplied data.
Context
- These entries are derivative/award-related (RSU vesting and a conversion/exercise) and are typically compensation-driven rather than discretionary market buys or sales. The $0.00 amounts reflect that the shares resulted from vesting/settlement of equity awards, not cash purchases. The 3,750-share $0 disposition reported the same day as a conversion commonly indicates net settlement or tax-related surrender of shares, though the filing here does not explicitly state the reason.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-18+3,750→ 14,750 total - Award
Stock Option (right to buy)
[F2]2026-05-19+22,000→ 22,000 totalExercise: $4.52Exp: 2036-05-19→ Common Stock (22,000 underlying) - Award
Restricted Stock Unit
[F1][F3]2026-05-19+3,750→ 3,750 totalExercise: $0.00→ Common Stock (3,750 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F4]2026-05-18−3,750→ 0 totalExercise: $0.00→ Common Stock (3,750 underlying)
Footnotes (4)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The option will vest and become exercisable in monthly, cumulative 1/12th increments (rounded upwards for whole shares) beginning one month from the date of grant.
- [F3]The RSUs will vest one year after the date of grant, or the day prior to the next annual meeting, if earlier
- [F4]The RSUs vested on May 18, 2026, which was one day prior to the Issuer's 2026 Annual Meeting of Stockholders held on May 19, 2026.