Chad M. Robins - Feb 13, 2025 Form 4 Insider Report for Adaptive Biotechnologies Corp (ADPT)

Role
CEO and Chairman, Director
Signature
/s/ Chad M. Robins by Kyle Piskel, Attorney-in-Fact
Stock symbol
ADPT
Transactions as of
Feb 13, 2025
Transactions value $
-$1,013,028
Form type
4
Date filed
2/18/2025, 08:21 PM
Previous filing
Mar 6, 2024
Next filing
Feb 21, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADPT Common Stock Options Exercise $634K +100K +3.89% $6.32 2.68M Feb 13, 2025 Direct F1
transaction ADPT Common Stock Sale -$846K -100K -3.75% $8.44 2.58M Feb 13, 2025 Direct F1, F2
transaction ADPT Common Stock Options Exercise $1M +159K +6.17% $6.32 2.74M Feb 14, 2025 Direct F1
transaction ADPT Common Stock Sale -$1.34M -159K -5.81% $8.46 2.58M Feb 14, 2025 Direct F1, F3
transaction ADPT Common Stock Options Exercise $1.33M +211K +8.19% $6.32 2.79M Feb 18, 2025 Direct F1
transaction ADPT Common Stock Sale -$1.79M -211K -7.57% $8.50 2.58M Feb 18, 2025 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADPT Stock Option (right to buy) Options Exercise $0 -100K -13.27% $0.00 655K Feb 13, 2025 Common Stock 100K $6.32 Direct F1, F5
transaction ADPT Stock Option (right to buy) Options Exercise $0 -159K -24.25% $0.00 496K Feb 14, 2025 Common Stock 159K $6.32 Direct F1, F5
transaction ADPT Stock Option (right to buy) Options Exercise $0 -211K -42.54% $0.00 285K Feb 18, 2025 Common Stock 211K $6.32 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 26, 2024. The option expires on June 9, 2025.
F2 The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $8.30 to 8.56, inclusive. The reporting person undertakes to provide to Adaptive Biotechnologies Corporation, any security holder of Adaptive Biotechnologies Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in any footnotes to this Form 4.
F3 The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $8.30 to 8.69, inclusive. The reporting person undertakes to provide to Adaptive Biotechnologies Corporation, any security holder of Adaptive Biotechnologies Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in any footnotes to this Form 4.
F4 The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $8.30 to 8.91, inclusive. The reporting person undertakes to provide to Adaptive Biotechnologies Corporation, any security holder of Adaptive Biotechnologies Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in any footnotes to this Form 4.
F5 The option is fully vested and exercisable.