Scilex Holding Co sold SMNR
September 23, 2025 · Form 4 insider transaction
Scilex Holding Co sold 11,945,151 shares of Semnur Pharmaceuticals, Inc. at $16.00 per share, a transaction worth $191.12M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
Direction
Disposed (sell-side)
Shares
11,945,151
Price
$16.00
Total value
$191.12M
InsiderScilex Holding Co
Role10% owner
SecurityCommon Stock
Transaction codeS: Open-market sale
Transaction dateSeptember 23, 2025
Filing dateSeptember 25, 2025
Shares owned after181,804,849
OwnershipIndirect
10b5-1 planNo
AmendedNo
Footnotes
The transactions reported on this Form 4 were effected pursuant to that certain Securities Purchase Agreement, dated September 23, 2025, by and among the Reporting Persons, the Issuer, and Biconomy PTE.LTD, as buyer.; The purchase price was paid in Bitcoin blockchain based on the spot exchange rate for Bitcoin as published by Coinbase.com at 8:00 p.m. (New York City time) on the trading day immediately prior to the closing date of the purchase.