Summary by Futu AI
James William Kupiec, the Chief Medical Officer of Cassava Sciences, completed a purchase of 1,500 shares of common stock on April 18, 2024. The transaction was carried out at a price of $22.00 per share, resulting in a total investment of $33,000. Following this acquisition, Kupiec's direct holdings in the company increased to 4,000 shares. The transaction is reported as an exercise or conversion of derivative security, indicating a potential increase in the executive's confidence in the company's future.