Robert E. Waltermire - Dec 14, 2023 Form 4 Insider Report for MADRIGAL PHARMACEUTICALS, INC. (MDGL)

Role
Senior VP, Chief Pharma Dev.
Signature
/s/ Brian J. Lynch*
Stock symbol
MDGL
Transactions as of
Dec 14, 2023
Transactions value $
-$590,320
Form type
4
Date filed
12/18/2023, 04:30 PM
Previous filing
Dec 14, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDGL Common Stock Options Exercise $176K +2K +35.29% $87.92 7.67K Dec 14, 2023 Direct F1
transaction MDGL Common Stock Sale -$233K -1K -13.04% $233.00 6.67K Dec 14, 2023 Direct
transaction MDGL Common Stock Sale -$232K -1K -15% $232.00 5.67K Dec 14, 2023 Direct
transaction MDGL Common Stock Options Exercise $176K +2K +35.29% $87.92 7.67K Dec 15, 2023 Direct F1
transaction MDGL Common Stock Sale -$236K -1K -13.04% $236.00 6.67K Dec 15, 2023 Direct
transaction MDGL Common Stock Sale -$241K -1K -15% $241.00 5.67K Dec 15, 2023 Direct

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 MDGL Stock Option (Right to Buy) Options Exercise $0 -2K -9.43% $0.00 19.2K Dec 14, 2023 Common Stock 2K $87.92 Direct F1
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -2K -10.42% $0.00 17.2K Dec 15, 2023 Common Stock 2K $87.92 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All shares issued pursuant to the exercise of the options reported herein represent 4,000 shares underlying an overall option award of 35,000 shares. All exercised options had vested. As to the overall option for 35,000 shares, 25% of the shares underlying the option vested on August 2, 2022 and, thereafter, 6.25% of the shares vested, or will vest, on the last day of each successive three-month period, provided the Reporting Person continues in service with the Issuer on each such date.

Remarks:

*As attorney-in-fact for Reporting Person