Cockroft Bettina M. 4

What Happened Bettina M. Cockroft, a director of Annexon, was granted an award on 2026-06-11 covering 65,000 shares (reported as a derivative award) at a $0.00 price, i.e., no cash purchase price was reported. The filing indicates these are option-like awards whose underlying shares become exercisable/vest 100% on the earlier of (i) the first anniversary of June 11, 2026 or (ii) the next Annual Meeting following June 11, 2026, subject to her continued service as a director.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filed on time).
• Transaction type/code: Grant/Award (derivative); 65,000 shares @ $0.00 (no cash paid).
• Vesting/exercise: 100% vests/becomes exercisable on earlier of 1st anniversary (June 11, 2027) or next Annual Meeting, contingent on continued service (per footnote).
• Shares owned after transaction: not disclosed in the provided filing details.
• No immediate sale or cashless exercise noted — this is a compensation award, not a market transaction.

Context This grant appears to be a standard director compensation award rather than an open-market purchase or sale. Such awards compensate service and do not by themselves signal insider buying or selling intent; vesting is contingent on continued board service. Retail investors should view this as routine director compensation unless accompanied by concurrent purchases or sales reported separately.