Silk Road Medical (SILK) executive Rogers sold 6,000 shares for $253K at $42.23 under a 10b5-1 plan
Insider transactions reported
Erica J. Rogers (executive at Silk Road Medical Inc., SILK) reported that they sold 6,000 shares for $253K at $42.23, and acquired 6,000 shares at $1.60 on Mar 13, 2023. After these transactions the filing shows 269,132 shares held directly.
- Reporting person
- Rogers Erica J.
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Mar 13, 2023 | Exercise or conversion of a derivative (M) | Common Stock1 | +6,000 | $1.60 | $9,600 | 275,132 direct |
| Mar 13, 2023 | Open-market sale (S) | Common Stock1, 2 | -6,000 | $42.23 | $253K | 269,132 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Mar 13, 2023 | Exercise or conversion of a derivative (M) | Option (right to buy)On 6,000 Common Stock1, 4 | -6,000 | - | - | 24,654 direct |
Holdings before and after
- Option (right to buy): 30,654 to 24,654 direct
Other positions listed
- Common Stock: 83,843 indirect, Trustees of The Surace/Rogers Family Trust
Footnotes from the filing
- 1. The option exercise and sale reported on this Form 4 were effected pursuant to Rule 10b5-1 Trading Plan adopted by the reporting person on August 8, 2022.
- 2. This transaction was executed in multiple trades at price ranging from $41.50 to $43.07. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- 3. These shares are held directly by Kevin J. Surace and Erica J. Rogers, as Trustees of The Surace Rogers Family Trust.
- 4. All of the shares subject to this option are fully vested and exercisable as of the date hereof.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Rogers report in this SILK Form 4?
Erica J. Rogers (executive at Silk Road Medical Inc., SILK) reported that they sold 6,000 shares for $253K at $42.23, and acquired 6,000 shares at $1.60 on Mar 13, 2023. After these transactions the filing shows 269,132 shares held directly.
How many SILK shares does Rogers hold after this filing?
The filing shows 269,132 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this SILK insider sale made under a 10b5-1 plan?
The filing's footnotes mention a Rule 10b5-1 trading plan. Such a plan sets the terms of future trades in advance.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for SILK
Earlier insider filings at SILK
- Mar 3, 2023SEC Form 4: Davis Andrew S. exercised 6,753 shares at a strike of $4.73 and sold $324,272 worth of shares (6,753 units at $48.02) as part of a pre-agreed trading plan
- Feb 17, 2023SEC Form 4: Weatherman Elizabeth H sold $249,300 worth of shares (5,000 units at $49.86) as part of a pre-agreed trading plan, decreasing direct ownership by 3% to 154,454 units
- Feb 15, 2023SEC Form 4: Rogers Erica J. sold $305,627 worth of shares (6,000 units at $50.94) as part of a pre-agreed trading plan and exercised 6,000 shares at a strike of $1.60
- Feb 4, 2023SEC Form 4: Davis Andrew S. exercised 6,753 shares at a strike of $4.73 and sold $365,000 worth of shares (6,753 units at $54.05) as part of a pre-agreed trading plan
- Feb 4, 2023SEC Form 4: Chou Tony M. sold $715,440 worth of shares (13,008 units at $55.00) as part of a pre-agreed trading plan, decreasing direct ownership by 15% to 75,707 units
- Market cap
- 30-day
- Sector
- Health Care
- Industry
- Medical/Dental Instruments
- Listed since
- 2019
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