John Latane Lewis IV Discloses 6.15% Stake in SIGA Technologies
Ticker: SIGA · Form: SC 13G · Filed: Feb 1, 2024 · CIK: 1010086
| Field | Detail |
|---|---|
| Company | Siga Technologies Inc (SIGA) |
| Form Type | SC 13G |
| Filed Date | Feb 1, 2024 |
| Risk Level | medium |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, beneficial-ownership, institutional-filing
TL;DR
**John Latane Lewis IV now owns 6.15% of SIGA Technologies, holding over 5.2M shares.**
AI Summary
John Latane Lewis IV, a U.S. citizen, reported an ownership stake of 5,271,365 shares of SIGA Technologies Inc. common stock as of January 31, 2024. This represents 6.15% of the company's outstanding shares, giving him sole voting and dispositive power over these shares. This matters to investors because a significant individual stake can signal confidence in the company's future, but also means a large block of shares could be sold, potentially impacting the stock price.
Why It Matters
A substantial individual ownership stake like this can influence corporate governance and stock liquidity, as large blockholders often have a vested interest in the company's performance.
Risk Assessment
Risk Level: medium — While a large individual stake can show confidence, a significant sale by such a holder could put downward pressure on the stock price.
Analyst Insight
Investors should note this significant individual ownership, as it could indicate long-term confidence or, conversely, a potential source of future share sales. Monitor future filings for any changes in his stake.
Key Numbers
- 5,271,365 — Shares Beneficially Owned (Represents the total number of SIGA Technologies shares John Latane Lewis IV has sole voting and dispositive power over.)
- 6.15% — Percentage of Class Owned (Indicates the significant portion of SIGA Technologies' common stock held by John Latane Lewis IV.)
- January 31, 2024 — Date of Event (The specific date on which the ownership threshold was met, triggering this filing.)
Key Players & Entities
- John Latane Lewis IV (person) — reporting person and beneficial owner
- SIGA Technologies Inc. (company) — issuer of the securities
- 5,271,365 (dollar_amount) — shares beneficially owned
- 6.15% (dollar_amount) — percentage of class owned
- January 31, 2024 (dollar_amount) — date of event requiring filing
Forward-Looking Statements
- John Latane Lewis IV will maintain his significant stake in SIGA Technologies for the foreseeable future. (John Latane Lewis IV) — medium confidence, target: 2025-02-01
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is John Latane Lewis IV, as stated in Item 1 and Item 2a of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Siga Technologies, Inc., as identified in Item 1a of the filing.
How many shares of SIGA Technologies Inc. common stock does John Latane Lewis IV beneficially own?
John Latane Lewis IV beneficially owns 5,271,365 shares of SIGA Technologies Inc. common stock, as reported in Item 5 and Item 4c(i) of the filing.
What percentage of SIGA Technologies Inc.'s common stock does this ownership represent?
This ownership represents 6.15% of the class of SIGA Technologies Inc.'s common stock, as stated in Item 11 and Item 4b of the filing.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was January 31, 2024, as specified in the 'Date Of Event which requires filing of this statement' section.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 1, 2024 by John Latane Lewis IV regarding SIGA TECHNOLOGIES INC (SIGA).