Form 4: Allakos CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
H. Baird Radford, CFO of Allakos Inc., sold 14,565 shares of common stock on June 4, 2024, to satisfy tax withholding obligations related to vesting RSUs.
Summary
- On June 4, 2024, H. Baird Radford, the Chief Financial Officer of Allakos Inc., sold 14,565 shares of the company's common stock.
- The sale was executed at a price of $1.19 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Radford directly owns 291,454 shares of Allakos Inc.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (sale of shares to cover taxes). It's neutral in tone and doesn't indicate any significant positive or negative developments for the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally viewed as routine.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of the stock sale transaction. |
| 06/06/2024 | Date of signature for the Form 4 filing. |
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