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

Hakan Kardes, Chief Experience Officer of Alignment Healthcare, sold shares of common stock to cover tax withholding obligations and pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• Hakan Kardes, Chief Experience Officer of Alignment Healthcare, sold 25,000 shares of common stock on March 18, 2025, at a weighted average price of $17.0077 per share.
• On March 19, 2025, Kardes sold an additional 4,229 shares at a weighted average price of $16.088 per share and 2,373 shares at a weighted average price of $16.9588 per share.
• These sales were made to cover tax withholding obligations related to the vesting of restricted stock units and under a pre-arranged trading plan (Rule 10b5-1) adopted on March 14, 2024.
• Following these transactions, Kardes directly owns 686,212 shares of Alignment Healthcare common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. The sales appear to be routine and related to tax obligations, suggesting a neutral sentiment.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations related to vesting equity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates

Keywords

Alignment Healthcare, Hakan Kardes, stock sale, Form 4, insider trading, Rule 10b5-1, tax obligations, restricted stock units