ALHC.NASDAQAlignment Healthcare, INC

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

Sentiment:

SEC Form 4 Filing

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Robert Thomas Freeman, CFO of Alignment Healthcare, sold 28,522 shares of common stock on March 19, 2024, to cover tax withholding obligations.

Summary

  • Robert Thomas Freeman, the Chief Financial Officer of Alignment Healthcare, Inc. (ALHC), reported a transaction involving the sale of company stock.
  • On March 19, 2024, Freeman sold 28,522 shares of common stock at a weighted-average price of $5.0508 per share.
  • The sale was executed to cover tax withholding obligations related to the vesting of common stock granted on March 13, 2024.
  • Following the transaction, Freeman directly owns 869,706 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: 6

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be routine, covering tax obligations.

Key Dates

DateDescription
03/13/2024Grant date of immediately vested common stock.
03/15/2024Form 4 filed with the SEC reporting the grant of immediately vested common stock.
03/19/2024Date of stock sale to cover tax withholding obligations.
03/21/2024Date of signature on the Form 4 filing.

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