Form 4: Alignment Healthcare Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Hyong Kim, Chief Medical Officer of Alignment Healthcare, sold 5,576 shares of common stock to cover tax withholding obligations.
Summary
- On March 19, 2024, Hyong Kim, the Chief Medical Officer of Alignment Healthcare, sold 5,576 shares of the company's 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, Kim directly owns 555,530 shares of Alignment Healthcare.
- The transaction was not a discretionary trade.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.
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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