Form 4: Allakos CEO Robert Alexander Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Allakos CEO Robert Alexander sold 70,910 shares of common stock on March 4, 2024, to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
Summary
- On March 4, 2024, Robert Alexander, the CEO of Allakos Inc., sold 70,910 shares of the company's common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $1.48.
- Following the transaction, Alexander directly owns 873,776 shares of Allakos Inc.
- Alexander also indirectly owns 320,300 shares through the Alexander 2018 Irrevocable Descendants' Trust.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily indicate a change in the CEO's confidence in the company.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when RSUs vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the stock sale transaction. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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