Sanford Robertson - Apr 26, 2024 Form 4 Insider Report for CASSAVA SCIENCES INC (SAVA)

Role
Director
Signature
/s/ Eric J. Schoen by Power of Attorney
Stock symbol
SAVA
Transactions as of
Apr 26, 2024
Transactions value $
$1,518,000
Form type
4
Date filed
4/30/2024, 09:13 AM
Previous filing
Aug 24, 2023
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAVA Common Stock Options Exercise $1.52M +69K +7.78% $22.00 956K Apr 26, 2024 Direct F2
holding SAVA Common Stock 180K Apr 26, 2024 By family

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 SAVA Common Stock Warrant Award $0 +72K $0.00 72K Jan 3, 2024 Common Stock 108K $33.00 By family F1
transaction SAVA Common Stock Warrant Award $0 +355K $0.00 355K Jan 3, 2024 Common Stock 532K $33.00 Direct F1
transaction SAVA Common Stock Warrant Options Exercise $0 -46K -12.97% $0.00 309K Apr 26, 2024 Common Stock 69K $33.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents warrants that were originally issued on January 3, 2024 as a pro-rata distribution to all holders of common shares. Each warrant entitles the holder to purchase one and one-half common shares at an exercise price of $33.00 per warrant. This distribution was exempt from immediate reporting under Section 16.
F2 Form 4 represents exercise of common stock warrants received on January 3, 2024 for cash. Holder received one and one-half shares of common stock for each common stock warrant exercised.