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 3,078 shares of common stock on March 19, 2024, to cover tax withholding obligations.
Summary
- Robert L. Scavo, the Chief Information Officer of Alignment Healthcare, sold 3,078 shares of common stock on March 19, 2024.
- The sale was executed to cover tax withholding obligations related to the vesting of common stock granted on March 13, 2024.
- The shares were sold at a weighted-average price of $5.0508, with individual sales ranging from $4.48 to $5.58 per share.
- Following the transaction, Scavo directly owns 438,643 shares of Alignment Healthcare.
- The sale was not a discretionary trade by the reporting person.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock sale is related to tax obligations and doesn't indicate a change in the executive's outlook on the company.
Industry Context
This is a routine Form 4 filing related to an executive's stock sale to cover tax obligations, a common occurrence in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of grant of immediately vested common stock. |
| 03/15/2024 | Form 4 filed with the SEC reporting the grant of immediately vested common stock. |
| 03/19/2024 | Date of stock sale to cover tax withholding obligations. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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