Charles R. Romp - May 16, 2023 Form 4 Insider Report for Seagen Inc. (SGEN)

Signature
By: /s/ Jennifer Prosba For: Charles R Romp
Stock symbol
SGEN
Transactions as of
May 16, 2023
Transactions value $
-$66,261
Form type
4
Date filed
5/18/2023, 07:04 PM
Previous filing
Apr 12, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Sale -$66.3K -349 -0.58% $189.86 59.8K May 16, 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 The sales reported in this Form 4 were effected pursuant to a written plan adopted on November 3, 2020 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
F2 Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.