Risser Eric Blasius 4

What Happened

• Eric Blasius Risser, President, CEO and Director of MacroGenics (MGNX), received two restricted stock unit (RSU) awards on Feb 12, 2026 totaling 695,000 RSUs (100,000 + 595,000). RSUs are derivative awards that convert into common shares on a one‑for‑one basis when they vest.
• On Feb 15, 2026, 16,665 derivative shares converted/settled. Of those, 6,433 shares were disposed/withheld to cover tax withholding at approximately $1.71 per share for about $11,000; the net remaining converted shares retained are approximately 10,232.

Key Details

• Transaction dates: RSU grants on 2026-02-12; conversion/settlement and tax withholding on 2026-02-15. Form 4 filed 2026-02-17.
• Prices/values: RSU grants reported at $0.00 (derivative awards). Tax withholding disposal: 6,433 shares at $1.71 each, reported proceeds ~ $11,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1–F3 describe prior and standard vesting terms — RSUs convert one‑for‑one to common stock; some grants/awards vest in installments (example: earlier 2023 RSU grant vested in thirds; other awards have staged vesting and exercisability schedules).
• Filing timeliness: Form 4 was filed 2–5 days after the reported transactions (filed 2026-02-17 for transactions on 2026-02-12 and 2026-02-15). Insiders are generally required to file Form 4 within two business days of a reportable transaction; investors may want to check the official filing for any timeliness notation.

Context

• These entries reflect award grants (RSUs) and a conversion/settlement event with shares withheld to cover tax liabilities — a common, administrative outcome when equity awards vest. RSU grants are not an immediate cash purchase and represent future potential shares as they vest.
• The tax withholding (disposition of shares) is routine and does not necessarily indicate a view on the company’s stock. Purchases would typically signal a clearer bullish indicator; this filing primarily documents awards and routine tax withholding.