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STOCK TITAN

[Form 4] Biogen Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 overview: On 06/17/2025, Biogen Inc. (BIIB) director Monish D. Patolawala reported the acquisition of 2,370 shares of common stock at a stated price of $0.00, suggesting a share grant or similar equity award. Following the transaction, Mr. Patolawala now beneficially owns 3,710 shares, held directly.

The filing contains no derivative security activity, sales, or monetary purchase and therefore does not indicate cash outlay or immediate market transactions. While the increase in personal holdings modestly aligns the director’s interests with shareholders, the size of the transaction is relatively small against Biogen’s roughly $33 billion market capitalization, implying limited near-term market impact.

Panoramica del Modulo 4: Il 17/06/2025, Monish D. Patolawala, direttore di Biogen Inc. (BIIB), ha segnalato l�acquisizione di 2.370 azioni ordinarie a un prezzo dichiarato di 0,00$, suggerendo una concessione azionaria o un premio azionario simile. Dopo la transazione, il Sig. Patolawala possiede ora beneficiariamente 3.710 azioni, detenute direttamente.

La dichiarazione non riporta attività su titoli derivati, vendite o acquisti in denaro, e quindi non indica esborsi monetari o transazioni di mercato immediate. Sebbene l’aumento delle partecipazioni personali allinei modestamente gli interessi del direttore con quelli degli azionisti, la dimensione della transazione è relativamente contenuta rispetto alla capitalizzazione di mercato di Biogen, che si aggira intorno ai 33 miliardi di dollari, implicando un impatto limitato sul mercato a breve termine.

Resumen del Formulario 4: El 17/06/2025, Monish D. Patolawala, director de Biogen Inc. (BIIB), reportó la adquisición de 2.370 acciones comunes a un precio declarado de 0,00$, lo que sugiere una concesión de acciones o un premio similar en acciones. Tras la transacción, el Sr. Patolawala ahora posee beneficiosamente 3.710 acciones, mantenidas directamente.

La presentación no incluye actividades con valores derivados, ventas ni compras monetarias, por lo que no indica desembolsos en efectivo ni transacciones inmediatas en el mercado. Aunque el aumento en las participaciones personales alinea modestamente los intereses del director con los de los accionistas, el tamaño de la transacción es relativamente pequeño en comparación con la capitalización de mercado de Biogen, que ronda los 33 mil millones de dólares, lo que implica un impacto limitado en el mercado a corto plazo.

ì–‘ì‹ 4 개요: 2025ë…� 6ì›� 17ì�, Biogen Inc.(BIIB)ì� ì´ì‚¬ Monish D. PatolawalaëŠ� 보통ì£� 2,370주를 ì•¡ë©´ê°€ 0.00달러ì—� ì·¨ë“했다ê³� 보고했으ë©�, ì´ëŠ” ì£¼ì‹ ë¶€ì—¬ë‚˜ 유사í•� ì£¼ì‹ ë³´ìƒìž„ì„ ì‹œì‚¬í•©ë‹ˆë‹�. 거래 í›� Patolawala ì´ì‚¬ëŠ� ì§ì ‘ 보유í•� 3,710주를 실질ì ìœ¼ë¡� 소유하게 ë˜ì—ˆìŠµë‹ˆë‹�.

신고서ì—ëŠ� 파ìƒì¦ê¶Œ 활ë™, ë§¤ë„ ë˜ëŠ” 현금 구매 ë‚´ì—­ì� 없어 현금 지출ì´ë‚� 즉ê°ì ì¸ 시장 거래가 ì—†ìŒì� 나타냅니ë‹�. ê°œì¸ ë³´ìœ  ì§€ë¶� ì¦ê°€ê°€ ì´ì‚¬ì� ì´í•´ê´€ê³„를 주주와 다소 ì¼ì¹˜ì‹œí‚¤ì§€ë§�, 거래 규모가 ì•� 330ì–� 달러ì—� 달하ëŠ� Biogenì� 시가ì´ì•¡ì—� 비해 ìƒëŒ€ì ìœ¼ë¡� 작아 단기 시장 ì˜í–¥ì€ 제한ì �ì� 것으ë¡� 보입니다.

Vue d'ensemble du formulaire 4 : Le 17/06/2025, Monish D. Patolawala, administrateur de Biogen Inc. (BIIB), a déclaré l�acquisition de 2 370 actions ordinaires à un prix indiqué de 0,00 $, ce qui suggère une attribution d’actions ou une récompense en capital similaire. À la suite de cette opération, M. Patolawala détient désormais 3 710 actions en pleine propriété, détenues directement.

Le dépôt ne mentionne aucune activité sur titres dérivés, ni ventes ou achats en espèces, n’indiquant donc aucun décaissement ni transaction immédiate sur le marché. Bien que l’augmentation des participations personnelles aligne modestement les intérêts de l’administrateur avec ceux des actionnaires, l’importance de la transaction reste relativement faible par rapport à la capitalisation boursière de Biogen, qui avoisine les 33 milliards de dollars, impliquant un impact limité à court terme sur le marché.

Überblick Formular 4: Am 17.06.2025 meldete Monish D. Patolawala, Direktor von Biogen Inc. (BIIB), den Erwerb von 2.370 Stammaktien zu einem angegebenen Preis von 0,00 $, was auf eine Aktienzuteilung oder eine ähnliche Beteiligungsvergütung hindeutet. Nach der Transaktion besitzt Herr Patolawala nun wirtschaftlich 3.710 Aktien, die direkt gehalten werden.

Die Meldung enthält keine Derivataktivitäten, Verkäufe oder Barankäufe und weist somit keinen Geldaufwand oder unmittelbare Markttransaktionen aus. Obwohl die Erhöhung der persönlichen Beteiligung die Interessen des Direktors moderat mit denen der Aktionäre in Einklang bringt, ist die Transaktionsgröße im Vergleich zur Marktkapitalisierung von Biogen von etwa 33 Milliarden US-Dollar relativ gering, was auf eine begrenzte kurzfristige Marktauswirkung hindeutet.

Positive
  • Director acquired 2,370 additional shares, boosting personal stake to 3,710 shares.
  • No shares were sold, indicating no negative signal regarding future share price.
Negative
  • None.

Insights

TL;DR: Small zero-cost share grant; alignment positive but immaterial to valuation.

The reported acquisition of 2,370 shares at $0 reflects an equity award rather than an open-market purchase. The new 3,710-share stake is worth roughly $820k at a $220 share price, negligible relative to Biogen’s float. No selling pressure is indicated, and insider ownership inches higher, marginally strengthening governance incentives. However, absent cash consideration or strategic context, the event is neutral for valuation and liquidity.

TL;DR: Grant-driven ownership bump enhances alignment; governance-neutral overall.

Equity awards are standard Board compensation. The filing confirms compliance with Section 16 reporting and shows direct holding structure, with no complex indirect vehicles. While any increase in insider ownership is conceptually shareholder-friendly, the modest scale provides no substantive shift in control or voting power. Governance posture remains unchanged; impact for investors is minimal.

Panoramica del Modulo 4: Il 17/06/2025, Monish D. Patolawala, direttore di Biogen Inc. (BIIB), ha segnalato l�acquisizione di 2.370 azioni ordinarie a un prezzo dichiarato di 0,00$, suggerendo una concessione azionaria o un premio azionario simile. Dopo la transazione, il Sig. Patolawala possiede ora beneficiariamente 3.710 azioni, detenute direttamente.

La dichiarazione non riporta attività su titoli derivati, vendite o acquisti in denaro, e quindi non indica esborsi monetari o transazioni di mercato immediate. Sebbene l’aumento delle partecipazioni personali allinei modestamente gli interessi del direttore con quelli degli azionisti, la dimensione della transazione è relativamente contenuta rispetto alla capitalizzazione di mercato di Biogen, che si aggira intorno ai 33 miliardi di dollari, implicando un impatto limitato sul mercato a breve termine.

Resumen del Formulario 4: El 17/06/2025, Monish D. Patolawala, director de Biogen Inc. (BIIB), reportó la adquisición de 2.370 acciones comunes a un precio declarado de 0,00$, lo que sugiere una concesión de acciones o un premio similar en acciones. Tras la transacción, el Sr. Patolawala ahora posee beneficiosamente 3.710 acciones, mantenidas directamente.

La presentación no incluye actividades con valores derivados, ventas ni compras monetarias, por lo que no indica desembolsos en efectivo ni transacciones inmediatas en el mercado. Aunque el aumento en las participaciones personales alinea modestamente los intereses del director con los de los accionistas, el tamaño de la transacción es relativamente pequeño en comparación con la capitalización de mercado de Biogen, que ronda los 33 mil millones de dólares, lo que implica un impacto limitado en el mercado a corto plazo.

ì–‘ì‹ 4 개요: 2025ë…� 6ì›� 17ì�, Biogen Inc.(BIIB)ì� ì´ì‚¬ Monish D. PatolawalaëŠ� 보통ì£� 2,370주를 ì•¡ë©´ê°€ 0.00달러ì—� ì·¨ë“했다ê³� 보고했으ë©�, ì´ëŠ” ì£¼ì‹ ë¶€ì—¬ë‚˜ 유사í•� ì£¼ì‹ ë³´ìƒìž„ì„ ì‹œì‚¬í•©ë‹ˆë‹�. 거래 í›� Patolawala ì´ì‚¬ëŠ� ì§ì ‘ 보유í•� 3,710주를 실질ì ìœ¼ë¡� 소유하게 ë˜ì—ˆìŠµë‹ˆë‹�.

신고서ì—ëŠ� 파ìƒì¦ê¶Œ 활ë™, ë§¤ë„ ë˜ëŠ” 현금 구매 ë‚´ì—­ì� 없어 현금 지출ì´ë‚� 즉ê°ì ì¸ 시장 거래가 ì—†ìŒì� 나타냅니ë‹�. ê°œì¸ ë³´ìœ  ì§€ë¶� ì¦ê°€ê°€ ì´ì‚¬ì� ì´í•´ê´€ê³„를 주주와 다소 ì¼ì¹˜ì‹œí‚¤ì§€ë§�, 거래 규모가 ì•� 330ì–� 달러ì—� 달하ëŠ� Biogenì� 시가ì´ì•¡ì—� 비해 ìƒëŒ€ì ìœ¼ë¡� 작아 단기 시장 ì˜í–¥ì€ 제한ì �ì� 것으ë¡� 보입니다.

Vue d'ensemble du formulaire 4 : Le 17/06/2025, Monish D. Patolawala, administrateur de Biogen Inc. (BIIB), a déclaré l�acquisition de 2 370 actions ordinaires à un prix indiqué de 0,00 $, ce qui suggère une attribution d’actions ou une récompense en capital similaire. À la suite de cette opération, M. Patolawala détient désormais 3 710 actions en pleine propriété, détenues directement.

Le dépôt ne mentionne aucune activité sur titres dérivés, ni ventes ou achats en espèces, n’indiquant donc aucun décaissement ni transaction immédiate sur le marché. Bien que l’augmentation des participations personnelles aligne modestement les intérêts de l’administrateur avec ceux des actionnaires, l’importance de la transaction reste relativement faible par rapport à la capitalisation boursière de Biogen, qui avoisine les 33 milliards de dollars, impliquant un impact limité à court terme sur le marché.

Überblick Formular 4: Am 17.06.2025 meldete Monish D. Patolawala, Direktor von Biogen Inc. (BIIB), den Erwerb von 2.370 Stammaktien zu einem angegebenen Preis von 0,00 $, was auf eine Aktienzuteilung oder eine ähnliche Beteiligungsvergütung hindeutet. Nach der Transaktion besitzt Herr Patolawala nun wirtschaftlich 3.710 Aktien, die direkt gehalten werden.

Die Meldung enthält keine Derivataktivitäten, Verkäufe oder Barankäufe und weist somit keinen Geldaufwand oder unmittelbare Markttransaktionen aus. Obwohl die Erhöhung der persönlichen Beteiligung die Interessen des Direktors moderat mit denen der Aktionäre in Einklang bringt, ist die Transaktionsgröße im Vergleich zur Marktkapitalisierung von Biogen von etwa 33 Milliarden US-Dollar relativ gering, was auf eine begrenzte kurzfristige Marktauswirkung hindeutet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Patolawala Monish D

(Last) (First) (Middle)
225 BINNEY

(Street)
CAMBRIDGE MA 02142

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BIOGEN INC. [ BIIB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/17/2025 A 2,370 A $0 3,710 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Wendell Taylor, attorney-in-fact for Mr. Patolawala 06/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Biogen (BIIB) shares did Monish D. Patolawala acquire?

2,370 common shares were acquired on 06/17/2025.

What is the total number of BIIB shares Mr. Patolawala now owns?

He now beneficially owns 3,710 shares directly.

Did the insider pay for the shares?

No. The Form 4 lists a $0.00 transaction price, implying a share grant or similar award.

Were any derivative securities involved in this filing?

No derivative securities were reported in Table II.

Is there any sale of Biogen shares by the insider?

No sales were reported; the filing only shows an acquisition.
Biogen Inc

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