Form 4: Allakos Inc. CEO Robert Alexander Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Allakos Inc. CEO Robert Alexander sold 31,370 shares of common stock on March 6, 2025, to cover tax withholding obligations related to vesting Restricted Stock Units (RSUs).
Summary
- Robert Alexander, CEO of Allakos Inc., reported a transaction involving the sale of Allakos Inc. common stock on March 6, 2025.
- The sale involved 31,370 shares at a price of $0.26 per share.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Mr. Alexander directly owns 738,104 shares of Allakos Inc. common stock.
- Mr. Alexander also indirectly owns 320,300 shares through the Alexander 2018 Irrevocable Descendants' Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of a company are buying or selling shares.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock sale transaction. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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