Form 4: Alignment Healthcare Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert L. Scavo, Chief Information Officer of Alignment Healthcare, sold shares of common stock on March 12, 2025, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 12, 2025, Robert L. Scavo, the Chief Information Officer of Alignment Healthcare, sold shares of the company's common stock.
- A total of 5,313 shares were sold in two separate transactions.
- The first transaction involved the sale of 5,238 shares at a weighted-average price of $15.4231 per share, with individual prices ranging from $14.72 to $15.715.
- The second transaction involved the sale of 75 shares at a weighted-average price of $15.7379 per share, with individual prices ranging from $15.72 to $15.76.
- These sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units and do not represent discretionary trades by the reporting person.
- Following these transactions, Scavo still beneficially owns 668,106 shares of Alignment Healthcare common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of the stock sale transactions. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
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