Form 4: Alignment Healthcare CEO John Kao Reports Share Transaction
SEC Form 4 Filing
CEO John Kao reports the withholding of shares for tax liabilities related to vesting restricted stock units.
Summary
- On March 8, 2024, John E. Kao, CEO of Alignment Healthcare, Inc., had 34,520 shares of common stock withheld to cover tax liabilities related to the vesting of service-based restricted stock units (RSUs) at a price of $5.39 per share.
- Following the transaction, Kao directly owns 2,312,253 shares of common stock.
- Kao also indirectly owns 2,723,100 shares through the JEK Trust, dated February 8, 2021, where he serves as trustee.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance or future prospects.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders like the CEO when changes occur in their beneficial ownership of the company's securities. It is a common practice for executives to have shares withheld to cover tax obligations when RSUs vest.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| February 8, 2021 | Date of the JEK Trust |
| March 8, 2024 | Date of the reported transaction (share withholding for tax liabilities) |
| March 12, 2024 | Date of signature for the Form 4 filing |
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