Form 4: Allakos CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Harlan Baird Radford, CFO of Allakos Inc., sold 13,665 shares of common stock on September 6, 2024, to satisfy tax withholding obligations related to the vesting of RSUs.
Summary
- On September 6, 2024, Harlan Baird Radford, the Chief Financial Officer of Allakos Inc., sold 13,665 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 $0.65.
- Following the transaction, Radford directly owns 190,725 shares of Allakos Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates that the CFO sold shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by the CFO could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of the transaction: Harlan Baird Radford sold shares of Allakos Inc. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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