Company: MYGN
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000899923-25-000028
Chunk: 64

Company: MYRIAD GENETICS INC
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 64
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 securities.

• Engaging in transactions involving Company derivative securities, including options, warrants, stock appreciation rights, convertible notes, Company-based option contracts, transactions in straddles or collars, writing puts or calls or similar rights whose value is derived from the value of the Company's common stock.

• Purchasing any Company security on margin, holding any Company security in a margin account, or pledging any Company security as collateral to secure or guarantee any indebtedness.

In addition, the Insider Trading Policy prohibits Section 16 officers and directors who purchase any Company security in the open market from selling any Company security during the six months following such purchase (or vice versa).

Although we have not adopted an insider trading policy governing our purchase, sale, and/or other disposition of our securities, as part of the oversight of risk, the Board, or one or more of its committees, approves any transaction, plan or arrangement by or with the Company with respect to our securities on a case-by-case basis, and as part of their procedures to review and approve any such transaction, plan or arrangement, the Board or committee consults with our Chief Legal Officer and/or outside legal counsel to ensure compliance with applicable insider trading laws, rules and regulations, and listing standards.

Stock Ownership Guidelines . In February 2025, the Board adopted revised stock ownership guidelines for directors and executive officers, including our NEOs. Among the revisions, the Board increased the stock ownership requirements for the CEO from three to six times the CEO's annual base salary. Additionally, the stock ownership requirements for the Chief Operating Officer (COO), Chief Commercial Officer (CCO), and Chief Financial Officer (CFO) were increased from two to three times their respective annual base salaries. The Board also revised the stock ownership guidelines to count restricted stock units subject to only time-based vesting requirements in determining compliance with the stock ownership guidelines.

To determine compliance with the stock ownership guidelines, the calculation method was modified so that shares of common stock and other forms of ownership are valued based on the common stock closing price as of the last day of the calendar year in which the phase-in period ends. Additionally, restrictions on the transfer of shares prior to meeting the ownership requirements were updated to require individuals to hold 50% of any shares acquired through the vesting of restricted stock units or the exercise of stock options, excluding shares sold to cover tax liabilities, until the required ownership multiple is met. Previously, restrictions on the transfer of shares prior to meeting the ownership requirements required that each individual not sell more than 50%