Richard Barry - 23 Apr 2024 Form 4 Insider Report for CASSAVA SCIENCES INC (SAVA)

Role
Director
Signature
/s/ Eric J. Schoen by Power of Attorney
Issuer symbol
SAVA
Transactions as of
23 Apr 2024
Transactions value $
$3,873,870
Form type
4
Filing time
25 Apr 2024, 09:15:09 UTC
Previous filing
05 Mar 2024
Next filing
13 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAVA Common Stock Options Exercise $3,873,870 +176,085 +60% $22.00 469,562 23 Apr 2024 By Trust F2

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 SAVA Common Stock Warrant Award $0 +117,390 +200% $0.000000 176,085 03 Jan 2024 Common Stock 176,085 $33.00 By Trust F1
transaction SAVA Common Stock Warrant Options Exercise $0 -117,390 -100% $0.000000* 0 23 Apr 2024 Common Stock 176,085 $33.00 By Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents warrants that were originally issued on January 3, 2024 as a pro-rata distribution to all holders of common shares. Each warrant entitles the holder to purchase one and one-half common shares at an exercise price of $33.00 per warrant. This distribution was exempt from immediate reporting under Section 16.
F2 Form 4 represents exercise for cash of common stock warrants received on January 3, 2024. Holder received one and one-half shares of common stock for each common stock warrant exercised.