Todd E. Simpson - Feb 16, 2023 Form 4 Insider Report for Seagen Inc. (SGEN)

Role
Chief Financial Officer
Signature
By: /s/ Jennifer Prosba For: Todd E Simpson
Stock symbol
SGEN
Transactions as of
Feb 16, 2023
Transactions value $
-$4,827,514
Form type
4
Date filed
2/21/2023, 06:35 PM
Previous filing
Sep 1, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Options Exercise $1.56M +39.9K +29.12% $39.15* 177K Feb 16, 2023 Direct F1
transaction SGEN Common Stock Sale -$6.39M -39.9K -22.55% $160.00 137K Feb 16, 2023 Direct F1, F2, F3

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 SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -39.9K -100% $0.00* 0 Feb 16, 2023 Common Stock 39.9K $39.15 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F3 Reflects sales of common stock executed in multiple transactions at prices ranging from $160.00 to $160.16. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F4 Options vested at a rate of 25% on 8/25/2016 and monthly thereafter until all the options were fully vested on 8/25/19.