April 2, 2024 · Form 4 insider transaction
GILEAD SCIENCES, INC. bought 3,882,450 shares of XLO at $0.76 per share, a transaction worth $2.95M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 1 day after the transaction.
The Prefunded Warrants have no expiration date and are exercisable at any time on or after the date of issuance. A holder of Prefunded Warrants may not exercise the Prefunded Warrants if, after giving effect to such exercise, the holder and its affiliates would beneficially own, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, more than 19.99% of the outstanding shares of Common Stock of the Issuer.