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OmniAb, Inc.·4

Jun 18, 4:32 PM ET

Cochran Jennifer R. 4

Research Summary

AI-generated summary

Updated

OmniAb (OABI) Director Jennifer R. Cochran Exercises Options, Receives RSUs

What Happened

  • Jennifer R. Cochran, a Director of OmniAb, reported exercising/converting derivatives and receiving equity awards on 2026-06-17. The Form 4 shows an exercise/conversion event for 20,000 shares acquired and a related 20,000-share disposition (both coded "M" for exercise/conversion), plus two award/acquisition entries (coded "A") totaling 60,000 RSUs (20,000 and 40,000) acquired. The filing reports $0.00 for the disposed shares and the awards where price is shown; one exercised-acquired line shows price N/A.

Key Details

  • Transaction date: June 17, 2026 (report filed June 18, 2026 — timely).
  • Reported movements:
    • Exercise/conversion (M): 20,000 shares acquired (price N/A)
    • Exercise/conversion (M): 20,000 shares disposed at $0.00 (reported value $0)
    • Award/grant (A): 20,000 RSUs acquired at $0.00 (reported value $0)
    • Award/grant (A): 40,000 RSUs acquired at $0.00 (reported value $0)
  • Shares owned after the transactions: not disclosed in the provided summary of the filing.
  • Relevant footnotes:
    • RSUs represent contingent rights to one share each and vest on the earlier of the next annual meeting or the first anniversary of the grant (footnotes F1–F3).
    • Stock options vest/become exercisable on the earlier of the next annual meeting or the first anniversary of grant (F4).
  • Filing timeliness: Filed one day after the transaction date (appears timely).

Context

  • Transaction codes: M = exercise/conversion of a derivative (e.g., option); A = award/grant (RSUs). The filing shows conversions/exercises plus RSU vesting/awards rather than an open-market purchase or an outright sale.
  • The $0.00 disposition line commonly reflects shares withheld to cover taxes or other withholding obligations at vesting/exercise; the Form 4 shows $0 value for those withheld shares, consistent with withholding rather than a cash sale.
  • These events are typically routine compensation-related actions (vesting and option exercises) and should not be read as an explicit buy or sell signal about the company.