Williams Gregg 4
4 · Vivani Medical, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Vivani Medical (VANI) 10% Owner Gregg Williams Buys Stock
What Happened
- Gregg Williams, a reported 10% owner of Vivani Medical (VANI), acquired a total of 1,866,492 shares in private purchase transactions on February 15, 2026. The purchases were: 1,601,941 shares at $1.03 each (gross $1,649,999.23) and 264,551 shares at $1.26 each (gross $333,334.26), for combined gross proceeds of $1,983,333.49. These are purchases (a bullish signal in that cash was deployed to buy shares).
Key Details
- Transaction dates/prices: Feb 15, 2026 — 1,601,941 shares @ $1.03 and 264,551 shares @ $1.26 (both reported as private sale transactions per footnotes).
- Total shares acquired: 1,866,492; total gross consideration: $1,983,333.49.
- Shares owned after transaction: reporting person beneficially owns 34,581,152 shares (directly and/or indirectly via trusts/entities over which Gregg Williams has voting/dispositive power).
- Notable footnotes: The purchases were made in private sale transactions disclosed in Share Purchase Agreements (dated May 12, 2025 and Aug 11, 2025) that used the issuer’s last reported Nasdaq sale prices on the referenced prior dates. The reporting person offers to provide full transaction details to the issuer, shareholders, or SEC staff upon request.
- Filing timeliness: Form 4 was filed Feb 17, 2026 for a Feb 15 transaction — within the standard two-business-day reporting window (timely).
Context
- These were direct purchases (code P) in private placements rather than open-market trades; that means the prices were set by the agreements and tied to specific prior Nasdaq prices. As a 10% owner with control over multiple trust/entity holdings, Gregg Williams’ purchases affect his overall beneficial ownership but should be read as ownership consolidation rather than routine executive open-market trading.
Insider Transaction Report
Form 4
Williams Gregg
Director10% Owner
Transactions
- Purchase
Common Stock
[F1][F3]2026-02-15$1.03/sh+1,601,941$1,649,999→ 29,517,401 total(indirect: See footnote) - Purchase
Common Stock
[F2][F3]2026-02-15$1.26/sh+264,551$333,334→ 29,781,952 total(indirect: See footnote)
Holdings
- 4,799,200
Common Stock
Footnotes (3)
- [F1]The reporting person purchased 1,601,941 shares of the Issuer's common stock in a private sale transaction as disclosed in the Share Purchase Agreement dated as of May 12, 2025 at a price of $1.03 per share, which was the last reported sale price of the Issuer's common stock on the Nasdaq on May 9, 2025 (three days immediately prior to May 12, 2025). The gross proceeds from this private sale transaction were $1,649,999.23. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased in the transaction set forth in this footnote.
- [F2]The reporting person purchased 264,551 shares of the Issuer's common stock in a private sale transaction as disclosed in the Share Purchase Agreement dated as of August 11, 2025 at a price of $1.26 per share, which was the last reported sale price of the Issuer's common stock on the Nasdaq on August 10, 2025 (the day immediately prior to August 11, 2025). The gross proceeds from this private sale transaction were $333,334.26. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased in the transaction set forth in this footnote.
- [F3]The reporting person owns 34,581,152 shares directly and/or indirectly as follows: (i) 4,799,200 shares of common stock owned by the reporting person, (ii) 27,656,200 shares of common stock owned by Gregg G. Williams 2006 Trust, (iii) 1,212,856 shares of common stock owned by Williams International Co. LLC, (iv) 181,587 shares of common stock owned by Sam Williams Family Investments LLC, and (v) 731,309 shares of common stock owned by Sam B. Williams 1995 Generation-Skipping Trust. Gregg Williams has voting and dispositive power over all of these shares.
Signature
/s/ Anthony Baldor, Attorney-in-fact|2026-02-17