Williams Gregg 4

What Happened Gregg Williams, a 10% owner of Vivani Medical, purchased a total of 1,575,231 shares of Vivani common stock in private transactions, reported on a Form 4 filed March 16, 2026 (transaction date listed as March 15, 2026). He bought 1,310,680 shares at $1.03 per share (gross $1,350,000.40) and 264,551 shares at $1.26 per share (gross $333,334.26), for combined gross proceeds of $1,683,334.66. These were purchases (code P) — a net buy signal (acquisitions rather than sales).

Key Details

• Transaction date(s): March 15, 2026; Form 4 filed March 16, 2026.
• Prices and amounts: 1,310,680 shares @ $1.03 ($1,350,000.40) and 264,551 shares @ $1.26 ($333,334.26). Total = $1,683,334.66 for 1,575,231 shares.
• Purchase type: Private sale transactions under share purchase agreements (per footnotes), not open-market trades. Prices were tied to prior Nasdaq closing prices cited in the SPAs.
• Shares owned after transaction: Reporting person beneficially owns 36,156,383 shares (directly and/or indirectly). The new purchases represent roughly a 4.4% increase relative to that total.
• Additional notes: Footnotes state the purchases were made pursuant to Share Purchase Agreements dated May 12, 2025 and August 11, 2025 and that Mr. Williams will provide full details upon request. No indication in the filing that the report was late.

Context

• As a 10% owner, Gregg Williams is a large, long-term stakeholder; these private purchases are incremental additions to an already substantial position. Private purchases under SPAs often use agreed pricing mechanisms (here tied to previous Nasdaq prices) rather than real-time open-market pricing. This Form 4 is factual disclosure of the acquisitions and does not state motivations.