Form 4: Alignment Healthcare CFO Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Robert Thomas Freeman, CFO of Alignment Healthcare, sold 30,500 shares of common stock at an average price of $11.504 on October 14, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Robert Thomas Freeman, the Chief Financial Officer of Alignment Healthcare, Inc. (ALHC), reported a transaction involving the sale of company stock.
- On October 14, 2024, Freeman sold 30,500 shares of common stock at a weighted-average price of $11.504 per share.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 15, 2024.
- Following the transaction, Freeman directly owns 865,407 shares and indirectly owns 164,109 shares 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 sentiment is neutral as it reports a routine stock sale under a pre-existing 10b5-1 plan. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged and not based on current insider information.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of Rule 10b5-1 plan adoption |
| 10/14/2024 | Date of stock sale transaction |
| 10/16/2024 | Date of Form 4 filing |
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