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 1,821 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Robert L. Scavo, the Chief Information Officer of Alignment Healthcare, Inc. (ALHC), sold 1,821 shares of common stock on March 28, 2024.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a weighted-average price of $4.84, with individual sales ranging from $4.73 to $4.935 per share.
- Following the transaction, Scavo directly owns 436,822 shares of Alignment Healthcare.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
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
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock sale transaction. |
| 03/29/2024 | Date of signature on the Form 4 filing. |
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