[Form 4] HilleVax, Inc. Insider Trading Activity
HilleVax, Inc. (HLVX) 鈥� Form 4 insider transaction
Director Aditya Kohli reported two equity movements dated 23 June 2025:
- Grant of 17,199 Restricted Stock Units (RSUs) at zero cost under the company鈥檚 Non-Employee Director Compensation Program. The award vests 100% on the earlier of the first anniversary of grant or a Change in Control, contingent upon continued board service.
- Forfeiture of 83,906 unvested RSUs that were not subject to acceleration following Kohli鈥檚 prior termination of employment.
Post-transaction, Kohli holds 698,171 HLVX common shares directly. No derivative securities were reported. The filing does not disclose cash consideration, option exercises, or open-market trades, and therefore carries limited valuation impact for public shareholders.
HilleVax, Inc. (HLVX) 鈥� Transazione interna Form 4
Il direttore Aditya Kohli ha segnalato due movimenti azionari datati 23 giugno 2025:
- Assegnazione di 17.199 Restricted Stock Units (RSU) a costo zero nell鈥檃mbito del Programma di Compensazione per Direttori Non Dipendenti della societ脿. Il premio matura al 100% alla prima delle due date: il primo anniversario della concessione o un Cambio di Controllo, subordinato alla continuit脿 del servizio nel consiglio.
- Perdita di 83.906 RSU non maturate che non sono state accelerate a seguito della precedente cessazione del rapporto di lavoro di Kohli.
Dopo la transazione, Kohli detiene 698.171 azioni ordinarie HLVX direttamente. Non sono stati segnalati strumenti derivati. La comunicazione non indica corrispettivi in denaro, esercizi di opzioni o operazioni sul mercato aperto, pertanto l鈥檌mpatto valutativo per gli azionisti pubblici 猫 limitato.
HilleVax, Inc. (HLVX) 鈥� Transacci贸n interna Formulario 4
El director Aditya Kohli report贸 dos movimientos de acciones fechados el 23 de junio de 2025:
- Concesi贸n de 17,199 Unidades de Acciones Restringidas (RSUs) sin costo bajo el Programa de Compensaci贸n para Directores No Empleados de la empresa. La adjudicaci贸n se consolida al 100% en la fecha que ocurra primero entre el primer aniversario de la concesi贸n o un Cambio de Control, condicionado a la continuidad en el consejo.
- Renuncia a 83,906 RSUs no consolidadas que no fueron aceleradas tras la terminaci贸n previa del empleo de Kohli.
Despu茅s de la transacci贸n, Kohli posee 698,171 acciones comunes de HLVX directamente. No se reportaron valores derivados. La presentaci贸n no revela consideraciones en efectivo, ejercicios de opciones ni operaciones en el mercado abierto, por lo que el impacto en la valoraci贸n para los accionistas p煤blicos es limitado.
HilleVax, Inc. (HLVX) 鈥� Form 4 雮措秬鞛� 瓯半灅
鞚挫偓 Aditya Kohli電� 2025雲� 6鞗� 23鞚检瀽搿� 霊� 臧�歆� 欤检嫕 氤�霃欖潉 氤搓碃頄堨姷雼堧嫟:
- 牍勳毄 鞐嗢澊 攵�鞐悳 17,199臧滌潣 鞝滍暅 欤检嫕 雼渼(RSUs)搿�, 須岇偓鞚� 牍勳瀯鞗� 鞚挫偓 氤挫儊 頂勲攴鸽灗鞐� 霐半ジ 瓴冹瀰雼堧嫟. 鞚� 氤挫儊鞚� 攵�鞐澕搿滊秬韯� 1欤茧厔 霕愲姅 瓴届榿甓� 氤�瓴� 欷� 牍犽ジ 鞁滌爯鞐� 100% 頇曥爼霅橂┌, 鞚挫偓須� 靹滊箘鞀� 歆�靻嶌澊 臁瓣贝鞛呺媹雼�.
- 鞚挫爠鞐� Kohli鞚� 瓿犾毄 膦呺搿� 鞚疙暣 臧�靻嶍檾霅橃 鞎婌潃 83,906臧滌潣 氙疙檿鞝� RSUs 氇办垬霅橃棃鞀惦媹雼�.
瓯半灅 頉� Kohli電� 歆侅爲 氤挫湢頃� HLVX 氤错喌欤� 698,171欤�毳� 臧�歆�瓿� 鞛堨姷雼堧嫟. 韺岇儩 歃濌秾鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 鞝滌稖 靹滊鞐愲姅 順勱笀 雽�臧�, 鞓奠厴 頄夓偓 霕愲姅 瓿店皽 鞁滌灔 瓯半灅鞐� 雽�頃� 鞝曤炒臧� 鞐嗢柎 瓿店车 欤检＜鞐愱矊 氙胳箻電� 韽夑皜 鞓來枼鞚� 鞝滍暅鞝侅瀰雼堧嫟.
HilleVax, Inc. (HLVX) 鈥� Transaction d鈥檌niti茅 Formulaire 4
Le directeur Aditya Kohli a d茅clar茅 deux mouvements d鈥檃ctions dat茅s du 23 juin 2025 :
- Attribution de 17 199 unit茅s d鈥檃ctions restreintes (RSU) 脿 titre gratuit dans le cadre du programme de r茅mun茅ration des administrateurs non salari茅s de la soci茅t茅. La remise s鈥檃cquiert 脿 100 % 脿 la date la plus proche entre le premier anniversaire de l鈥檃ttribution ou un changement de contr么le, sous r茅serve de la poursuite du service au conseil.
- Perte de 83 906 RSU non acquises qui n鈥檕nt pas 茅t茅 acc茅l茅r茅es suite 脿 la pr茅c茅dente cessation d鈥檈mploi de Kohli.
Apr猫s la transaction, Kohli d茅tient 698 171 actions ordinaires HLVX directement. Aucun titre d茅riv茅 n鈥檃 茅t茅 signal茅. Le d茅p么t ne r茅v猫le pas de contrepartie en esp猫ces, d鈥檈xercice d鈥檕ptions ou de transactions sur le march茅 libre, ce qui limite l鈥檌mpact en termes de valorisation pour les actionnaires publics.
HilleVax, Inc. (HLVX) 鈥� Form 4 Insider-Transaktion
Direktor Aditya Kohli meldete zwei Aktienbewegungen vom 23. Juni 2025:
- Gew盲hrung von 17.199 Restricted Stock Units (RSUs) kostenfrei im Rahmen des Verg眉tungsprogramms f眉r nicht-angestellte Direktoren des Unternehmens. Die Zuteilung wird zu 100 % f盲llig am fr眉heren Zeitpunkt zwischen dem ersten Jahrestag der Gew盲hrung oder einem Kontrollwechsel, vorausgesetzt der Vorstandsdienst wird fortgesetzt.
- Verfall von 83.906 nicht unverfallbaren RSUs, die nach Kohlis vorheriger Beendigung des Arbeitsverh盲ltnisses nicht beschleunigt wurden.
Nach der Transaktion h盲lt Kohli 698.171 HLVX-Stammaktien direkt. Es wurden keine derivativen Wertpapiere gemeldet. Die Meldung enth盲lt keine Angaben zu Barverg眉tungen, Optionsaus眉bungen oder B枚rsengesch盲ften, weshalb die Bewertungsauswirkung f眉r 枚ffentliche Aktion盲re begrenzt ist.
- Director equity grant reinforces alignment between board member and shareholders through performance-linked RSUs.
- Cancellation of 83,906 unvested RSUs represents dilution avoidance but may hint at earlier executive turnover; minor oversight risk.
Insights
TL;DR: Routine director RSU grant and forfeiture; negligible effect on valuation or float.
The filing shows a standard annual equity grant (17,199 RSUs) offset by forfeiture of 83,906 previously awarded RSUs that failed to vest. Net share count impact is de-minimis relative to HilleVax鈥檚 ~40 million shares outstanding. No purchase or sale occurred, so market liquidity and insider sentiment gauges remain unchanged. I classify the event as administratively routine and not financially material.
TL;DR: Governance-aligned compensation; single-year cliff vesting, change-in-control trigger typical for biotech boards.
The RSU structure aligns director incentives with shareholder interests by tying value to future stock performance. One-year cliff vesting and acceleration on Change in Control mirror prevailing biotech governance norms. The forfeiture of unvested RSUs on employment termination demonstrates adherence to equity plan discipline. Overall, neutral governance signal with no red flags.
HilleVax, Inc. (HLVX) 鈥� Transazione interna Form 4
Il direttore Aditya Kohli ha segnalato due movimenti azionari datati 23 giugno 2025:
- Assegnazione di 17.199 Restricted Stock Units (RSU) a costo zero nell鈥檃mbito del Programma di Compensazione per Direttori Non Dipendenti della societ脿. Il premio matura al 100% alla prima delle due date: il primo anniversario della concessione o un Cambio di Controllo, subordinato alla continuit脿 del servizio nel consiglio.
- Perdita di 83.906 RSU non maturate che non sono state accelerate a seguito della precedente cessazione del rapporto di lavoro di Kohli.
Dopo la transazione, Kohli detiene 698.171 azioni ordinarie HLVX direttamente. Non sono stati segnalati strumenti derivati. La comunicazione non indica corrispettivi in denaro, esercizi di opzioni o operazioni sul mercato aperto, pertanto l鈥檌mpatto valutativo per gli azionisti pubblici 猫 limitato.
HilleVax, Inc. (HLVX) 鈥� Transacci贸n interna Formulario 4
El director Aditya Kohli report贸 dos movimientos de acciones fechados el 23 de junio de 2025:
- Concesi贸n de 17,199 Unidades de Acciones Restringidas (RSUs) sin costo bajo el Programa de Compensaci贸n para Directores No Empleados de la empresa. La adjudicaci贸n se consolida al 100% en la fecha que ocurra primero entre el primer aniversario de la concesi贸n o un Cambio de Control, condicionado a la continuidad en el consejo.
- Renuncia a 83,906 RSUs no consolidadas que no fueron aceleradas tras la terminaci贸n previa del empleo de Kohli.
Despu茅s de la transacci贸n, Kohli posee 698,171 acciones comunes de HLVX directamente. No se reportaron valores derivados. La presentaci贸n no revela consideraciones en efectivo, ejercicios de opciones ni operaciones en el mercado abierto, por lo que el impacto en la valoraci贸n para los accionistas p煤blicos es limitado.
HilleVax, Inc. (HLVX) 鈥� Form 4 雮措秬鞛� 瓯半灅
鞚挫偓 Aditya Kohli電� 2025雲� 6鞗� 23鞚检瀽搿� 霊� 臧�歆� 欤检嫕 氤�霃欖潉 氤搓碃頄堨姷雼堧嫟:
- 牍勳毄 鞐嗢澊 攵�鞐悳 17,199臧滌潣 鞝滍暅 欤检嫕 雼渼(RSUs)搿�, 須岇偓鞚� 牍勳瀯鞗� 鞚挫偓 氤挫儊 頂勲攴鸽灗鞐� 霐半ジ 瓴冹瀰雼堧嫟. 鞚� 氤挫儊鞚� 攵�鞐澕搿滊秬韯� 1欤茧厔 霕愲姅 瓴届榿甓� 氤�瓴� 欷� 牍犽ジ 鞁滌爯鞐� 100% 頇曥爼霅橂┌, 鞚挫偓須� 靹滊箘鞀� 歆�靻嶌澊 臁瓣贝鞛呺媹雼�.
- 鞚挫爠鞐� Kohli鞚� 瓿犾毄 膦呺搿� 鞚疙暣 臧�靻嶍檾霅橃 鞎婌潃 83,906臧滌潣 氙疙檿鞝� RSUs 氇办垬霅橃棃鞀惦媹雼�.
瓯半灅 頉� Kohli電� 歆侅爲 氤挫湢頃� HLVX 氤错喌欤� 698,171欤�毳� 臧�歆�瓿� 鞛堨姷雼堧嫟. 韺岇儩 歃濌秾鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 鞝滌稖 靹滊鞐愲姅 順勱笀 雽�臧�, 鞓奠厴 頄夓偓 霕愲姅 瓿店皽 鞁滌灔 瓯半灅鞐� 雽�頃� 鞝曤炒臧� 鞐嗢柎 瓿店车 欤检＜鞐愱矊 氙胳箻電� 韽夑皜 鞓來枼鞚� 鞝滍暅鞝侅瀰雼堧嫟.
HilleVax, Inc. (HLVX) 鈥� Transaction d鈥檌niti茅 Formulaire 4
Le directeur Aditya Kohli a d茅clar茅 deux mouvements d鈥檃ctions dat茅s du 23 juin 2025 :
- Attribution de 17 199 unit茅s d鈥檃ctions restreintes (RSU) 脿 titre gratuit dans le cadre du programme de r茅mun茅ration des administrateurs non salari茅s de la soci茅t茅. La remise s鈥檃cquiert 脿 100 % 脿 la date la plus proche entre le premier anniversaire de l鈥檃ttribution ou un changement de contr么le, sous r茅serve de la poursuite du service au conseil.
- Perte de 83 906 RSU non acquises qui n鈥檕nt pas 茅t茅 acc茅l茅r茅es suite 脿 la pr茅c茅dente cessation d鈥檈mploi de Kohli.
Apr猫s la transaction, Kohli d茅tient 698 171 actions ordinaires HLVX directement. Aucun titre d茅riv茅 n鈥檃 茅t茅 signal茅. Le d茅p么t ne r茅v猫le pas de contrepartie en esp猫ces, d鈥檈xercice d鈥檕ptions ou de transactions sur le march茅 libre, ce qui limite l鈥檌mpact en termes de valorisation pour les actionnaires publics.
HilleVax, Inc. (HLVX) 鈥� Form 4 Insider-Transaktion
Direktor Aditya Kohli meldete zwei Aktienbewegungen vom 23. Juni 2025:
- Gew盲hrung von 17.199 Restricted Stock Units (RSUs) kostenfrei im Rahmen des Verg眉tungsprogramms f眉r nicht-angestellte Direktoren des Unternehmens. Die Zuteilung wird zu 100 % f盲llig am fr眉heren Zeitpunkt zwischen dem ersten Jahrestag der Gew盲hrung oder einem Kontrollwechsel, vorausgesetzt der Vorstandsdienst wird fortgesetzt.
- Verfall von 83.906 nicht unverfallbaren RSUs, die nach Kohlis vorheriger Beendigung des Arbeitsverh盲ltnisses nicht beschleunigt wurden.
Nach der Transaktion h盲lt Kohli 698.171 HLVX-Stammaktien direkt. Es wurden keine derivativen Wertpapiere gemeldet. Die Meldung enth盲lt keine Angaben zu Barverg眉tungen, Optionsaus眉bungen oder B枚rsengesch盲ften, weshalb die Bewertungsauswirkung f眉r 枚ffentliche Aktion盲re begrenzt ist.
FAQ
How many HLVX shares does director Aditya Kohli now own?
What was the size and cost of the new RSU grant disclosed in the Form 4?
When will the newly granted RSUs vest?
Why were 83,906 RSUs cancelled?
Does this insider filing indicate a buy or sell of HLVX shares?
