Form 4: Alignment Healthcare Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Christopher J. Joyce, Chief Legal and Admin. Officer of Alignment Healthcare, sold 25,060 shares of common stock to cover tax withholding obligations.
Summary
- On March 19, 2024, Christopher J. Joyce, Chief Legal and Admin. Officer of Alignment Healthcare, sold 25,060 shares of common stock.
- The sale was executed to cover tax withholding obligations related to the grant of immediately vested common stock acquired 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, Joyce directly owns 438,912 shares of Alignment Healthcare common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency when company insiders trade their own company's stock. This filing indicates that the sale was to cover tax obligations, which is a common reason for such transactions.
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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