Form 4: Alignment Healthcare CFO Sells Shares to Cover Tax Obligations

Robert Thomas Freeman, CFO of Alignment Healthcare, sold 4,299 shares of common stock on March 28, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Robert Thomas Freeman, the Chief Financial Officer of Alignment Healthcare, Inc. (ALHC), reported a transaction involving the sale of company stock.
• On March 28, 2024, Freeman sold 4,299 shares of common stock at a weighted-average price of $4.84 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units and does not represent a discretionary trade.
• Following the transaction, Freeman directly owns 865,407 shares and indirectly owns 519,429 shares through FCO Holdings LLC.
• The indirect ownership is held through FCO Holdings LLC, a limited liability company owned by FCO Holdings Trust One, an irrevocable trust of which Mr. Freeman is an indirect beneficiary.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates