Summary by Futu AI
On April 23, 2024, Barry Richard, associated with Cassava Sciences Inc [SAVA], completed a significant stock purchase, acquiring 176,085 shares of common stock at a price of $22.00 per share. This transaction, conducted under the transaction code 'M', indicating an exercise or conversion of derivative security, was carried out directly by a trust. Following this acquisition, the total number of shares beneficially owned by Barry Richard in Cassava Sciences stands at 469,562. The transaction reflects a strong vote of confidence in the company, with a total investment value of $3,873,870.