Todd E. Simpson - Apr 5, 2023 Form 4/A - Amendment Insider Report for Seagen Inc. (SGEN)

Signature
By: /s/ Jennifer Prosba For: Todd E. Simpson
Stock symbol
SGEN
Transactions as of
Apr 5, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
4/12/2023, 07:37 PM
Date Of Original Report
Apr 7, 2023
Previous filing
Apr 4, 2023
Next filing
Apr 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SGEN Common Stock 119K Apr 5, 2023 Direct F1, F2
* 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 This amendment to the Form 4 originally filed on April 7, 2023 is being filed solely to check the Rule 10b5-1(c) Transaction Indication box and provide related disclosure. The sale reported on this Form 4 was effected pursuant to a written plan, adopted on May 5, 2020, that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) to satisfy tax obligations arising out of the vesting of previously granted restricted stock units.
F2 Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.