SIGA Technologies (SIGA) General Counsel nets shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIGA Technologies General Counsel Larry R. Miller reported routine equity compensation activity. On March 25, 2026, one-third of previously granted restricted stock units vested, resulting in the acquisition of 6,920 shares of common stock. To cover tax obligations, 3,526 shares were withheld by the company, leaving Miller with 51,912 common shares held directly after these transactions. The RSUs vest in three equal annual installments from the original March 25, 2024 grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,920 shares exercised/converted
Mixed
3 txns
Insider
Miller Larry R.
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,920 | $0.00 | -- |
| Exercise | Common Stock, par value $.0001 per share | 6,920 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.0001 per share | 3,526 | $4.99 | $18K |
Holdings After Transaction:
Restricted Stock Units — 6,921 shares (Direct);
Common Stock, par value $.0001 per share — 55,438 shares (Direct)
Footnotes (1)
- Represents the acquisition of Common Stock from the vesting of one-third of the restricted stock units ("RSUs") granted on March 25, 2024. Represents the withholding by the Issuer of shares of Common Stock (based on $4.99 per share, the closing stock price on March 25, 2026) to satisfy tax withholding obligations associated with the vesting of RSUs and the consequent issuance of Common Stock. RSUs represent contingent rights to receive Common Stock on a one-for-one basis. The RSUs vest over three years, one-third on each of the first three anniversaries of the date of grant.
FAQ
What insider transaction did SIGA (SIGA) report for Larry R. Miller?
SIGA reported that General Counsel Larry R. Miller had one-third of a prior restricted stock unit grant vest, converting into 6,920 shares of common stock. This reflects routine equity compensation rather than an open-market purchase or sale.
How do SIGA (SIGA) restricted stock units vest for Larry R. Miller?
The restricted stock units granted to Larry R. Miller on March 25, 2024 vest over three years. They vest in three equal installments, with one-third of the RSUs becoming common stock on each of the first three anniversaries of the grant date.
Was the SIGA (SIGA) Form 4 a market buy or sell by Larry R. Miller?
No, the Form 4 reflects RSU vesting and related tax withholding, not an open-market buy or sell. Miller acquired shares through a derivative exercise and had a portion withheld by SIGA to cover tax liabilities.