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MACROGENICS INC·4

May 20, 4:13 PM ET

Chhabra Meenu 4

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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.