Allison Dorval - Jun 13, 2023 Form 4 Insider Report for PUMA BIOTECHNOLOGY, INC. (PBYI)

Role
Director
Signature
/s/ Gordon Esplin as attorney-in-fact for Allison Dorval
Stock symbol
PBYI
Transactions as of
Jun 13, 2023
Transactions value $
-$34,500
Form type
4
Date filed
6/15/2023, 09:01 PM
Previous filing
Jun 8, 2023
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBYI Common Stock Sale -$34.5K -10K -37.04% $3.45 17K Jun 13, 2023 Direct F1, F2
transaction PBYI Common Stock Award $0 +27K +158.82% $0.00 44K Jun 13, 2023 Direct F3
* 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 Adoption date of referenced 10b5-1(c) sell to cover program is: 12-14-2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.42 to $3.48, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F3 Represents Restricted Stock Units which vest in full on the earlier of the one-year anniversary of the date of grant and the date of the annual shareholder meeting following the date of grant, subject to the Reporting Person's continued service with the Issuer.

Remarks:

Exhibit List: Exhibit 24 – Power of Attorney