Form 4: Allakos CFO Sells Shares to Cover Tax Obligations

Allakos' Chief Financial Officer, Harlan Baird Radford, sold 13,138 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Harlan Baird Radford, the Chief Financial Officer of Allakos Inc., sold 13,138 shares of common stock on December 6, 2024.
• The sale was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were sold at a price of $1.1 per share.
• Following the transaction, Radford directly owns 177,587 shares of Allakos common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive equity compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the industry.
• Many companies use RSUs as part of their compensation packages, leading to similar tax-related sales by executives.
• The sale of 13,138 shares is not unusual for a CFO of a company of Allakos' size.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Allakos, Harlan Baird Radford, CFO, stock sale, Form 4, insider trading, tax obligations, RSU, equity