Form 4: Allakos CFO Sells 87,064 Shares of Common Stock

Harlan Baird Radford, CFO of Allakos Inc., sold 87,064 shares of common stock at an average price of $1.01 on June 28, 2024.

Summary

• On June 28, 2024, Harlan Baird Radford, the Chief Financial Officer of Allakos Inc. (ALLK), sold 87,064 shares of the company's common stock.
• The sale was executed at a weighted average price of $1.01 per share, with individual trades ranging from $0.94 to $1.06.
• Following the transaction, Radford directly owns 204,390 shares of Allakos Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company insider. The sentiment is neutral as it simply reports a transaction without expressing any positive or negative outlook.

Industry Context

Insider sales are a common occurrence, but investors often monitor them closely for signals about management's confidence in the company's future prospects. It's important to consider the context of the sale, such as the individual's overall holdings and any stated reasons for the transaction.

Stakeholder Impact

• The sale of shares by a key executive could potentially impact investor sentiment, although the effect is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates