Yednock Ted 4

What Happened

• Ted Yednock, EVP & Chief Innovation Officer of Annexon (ANNX), exercised options to acquire 30,646 shares on 2026-06-11 at an exercise price of $1.85 per share, costing $56,698.
• The filing also reports a simultaneous disposition/conversion of 30,646 shares at $0.00 (derivative). Because the acquired and disposed share counts match, the report shows no net increase in shares held.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filed within the normal reporting window).
• Exercise details: 30,646 shares acquired at $1.85 each = $56,698 (transaction code M = option exercise).
• Disposition: 30,646 shares reported disposed/conversion at $0.00 (derivative line), resulting in net zero new shares reported.
• Footnote: F1 — the optioned shares were fully vested and exercisable.
• Shares owned after the transaction are not provided in the summary data; however, the equal acquire/dispose entries indicate no net change in reported shares.

Context

• For option exercises, simultaneous disposition of the same shares is commonly seen when shares are withheld or surrendered to cover the exercise price and/or taxes (a cashless exercise or withholding). The filing here shows that pattern (acquire + immediate disposition), but does not detail the exact withholding purpose.
• This is a routine insider exercise of vested options and does not, by itself, indicate a buy or sell market signal.