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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2025
Commission File Number: 001-41421
Alvotech
(Translation of registrant's name into English)
9, Rue de Bitbourg,
L-1273 Luxembourg,
Grand Duchy of Luxembourg
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover
of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Incorporation by Reference
This Report on Form 6-K (this “Report”) of Alvotech (the “Company”), shall be deemed to be incorporated by reference into the Company’s registration statements on Forms F-3 (File Nos. 333-266136, 333-273262, 333-275111 and 333-281684) and the Company’s registration statement on Form S-8 (File No. 333-266881) and to be a part thereof from the date on which this Report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. Exhibit 99.1 to this Report is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Management Transaction Notice
On May 9, 2025, Alvotech announced that Robert Wessman, Chairman and CEO had filed a form regarding transactions of managers and closely associated persons, with the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), to announce the acquisition of 300,000 shares in Alvotech at a price of ISK 1,255 per share (USD 9.67 at the current exchange rate published by the Central Bank of Iceland). A copy of the form is furnished herewith as exhibit 99.1.
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Management Transaction Notice |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Alvotech | ||
| (Registrant) | ||
| Date: May 9, 2025 | /s/ Tanya Zharov | |
| Tanya Zharov | ||
| General Counsel |
Exhibit 99.1
|
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (HOS-2 form) |
| Filing reference | 10651 |
| Submitted at | 2025-05-09 13:05 |
1. Details of the person discharging managerial responsibilities/person closely associated
| Name1 | Robert Wessman |
2. Reason for the notification
| Position/status2 | CEO and Chairman of the board of directors |
| Initial notification/Amendment3 | Initial notification |
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| Name4 | Alvotech |
| LEI5 | 222100DCZBOWV5DZ8372 |
4. Details of the transaction(s): section to be repeated for 1 each type of instrument; 2 each type of transaction; 3 each date; and 4 each place where transactions have been conducted:
| Description of the financial instrument, type of instrument6 | Shares | |
| Identification code7 | LU2458332611 | |
| Nature of the transaction8 | Acquisition | |
| Price(s) and volume(s)9 | Price(s) | Volume(s) |
| 1,255 ISK | 320,000 (units) | |
| Aggregated information | ||
| Aggregated volume10 | 320,000 (units) | |
| Price11 | 1,255 ISK | |
| Date of the transaction12 | 2025-05-09 | |
| Place of transaction13 | - XOFF |
Date: 2025-05-09 13:05
Notes
1 For natural persons: the first name and the last name(s). For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.
2 For persons discharging managerial responsibilities: the position occupied within the issuer, emission allowances market participant/auction platform/auctioneer/auction monitor should be indicated, e.g. CEO, CFO. For persons closely accociated:
| • | An indication that the notification concerns a person closely associated with a person discharging managerial responsibilities; |
| • | Name and position of the relevant person discharging managerial responsibilities. |
3 Indication that this is an initial notification or an amendment to prior notifications. In case of amendment, explain the error that this notification is amending.
4 Full name of the entity.
5 Legal Entity Identifier code in accordance with ISO 17442 LEI code.
6 Indication as to the nature of the instrument:
| • | A share, a debt instrument, a derivative or a financial instrument linked to a share or a debt instrument; |
| • | An emission allowance, an auction product based on an emission allowance or a derivative relating to an emission allowance. |
7 Instrument identification code as defined under Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities adopted under Article 26 of Regulation (EU) No 600/2014.
8 Description of the transaction type using, where applicable, the type of transaction identified in Article 10 of the Commission Delegated Regulation (EU) 2016/522 adopted under Article 19(14) of Regulation (EU) No 596/2014 or a specific example set out in Article 19(7) of Regulation (EU) No 596/2014. Pursuant to Article 19(6)(e) of Regulation (EU) No 596/2014, it shall be indicated whether the transaction is linked to the exercise of a share option programme.
9 Where more than one transaction of the same nature (purchases, sales, lendings, borrows, ...) on the same financial instrument or emission allowance are executed on the same day and on the same place of transaction, prices and volumes of these transactions shall be reported in this field, in a two columns form as presented above, inserting as many lines as needed. Using the data standards for price and quantity, including where applicable the price currency and the quantity currency, as defined under Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities adopted under Article 26 of Regulation (EU) No 600/2014.
10 The volumes of multiple transactions are aggregated when these transactions:
| • | Relate to the same financial instrument or emission allowance; |
| • | Are of the same nature; |
| • | Are executed on the same day; |
| • | And are executed on the same place of transaction. |
Using the data standard for quantity, including where applicable the quantity currency, as defined under Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities adopted under Article 26 of Regulation (EU) No 600/2014.
11 Price information:
| • | In case of a single transaction, the price of the single transaction; |
| • | In case the volumes of multiple transactions are aggregated: the weighted average price of the aggregated transactions. |
Using the data standard for price, including where applicable the price currency, as defined under Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities adopted under Article 26 of Regulation (EU) No 600/2014.
12 Date of the particular day of execution of the notified transaction. Using the ISO 8601 date format: YYYY-MM-DD; UTC time.
13 Name and code to identify the MiFID trading venue, the systematic internaliser or the organised trading platform outside of the Union where the transaction was executed as defined under Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities adopted under Article 26 of Regulation (EU) No 600/2014, or if the transaction was not executed on any of the above mentioned venues, please mention "outside a trading venue".