Form 4: Alignment Healthcare's Chief Medical Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Hyong Kim, Chief Medical Officer of Alignment Healthcare, sold 22,460 shares of common stock on October 8, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On October 8, 2024, Hyong Kim, the Chief Medical Officer of Alignment Healthcare, sold 22,460 shares of the company's common stock.
- The sale was executed at a price of $11.03 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Kim directly owns 533,070 shares of Alignment Healthcare.
- The reporting person states that this transaction does not represent a discretionary trade.
Sentiment
Score: 6
Explanation: The document reports a routine transaction (sale of shares to cover tax obligations). It's neutral from an investment perspective as it doesn't indicate a change in the executive's long-term outlook on the company.
Management Comments
- The reporting person states that this transaction does not represent a discretionary trade.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.
Key Dates
| Date | Description |
|---|---|
| 10/08/2024 | Date of the stock sale transaction. |
| 10/10/2024 | Date of signature for the Form 4 filing. |
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