Form 4: Allakos Inc. CFO Sells Shares to Cover Tax Obligations

H. Baird Radford, CFO of Allakos Inc., sold 32,142 shares of common stock on March 6, 2024, to satisfy tax withholding obligations related to vesting RSUs.

Summary

• On March 6, 2024, H. Baird Radford, the Chief Financial Officer of Allakos Inc., disposed of 32,142 shares of common stock.
• The transaction was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• The shares were sold at a price of $1.35 per share.
• Following the transaction, Radford directly owns 306,019 shares of Allakos Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale is related to tax obligations, not necessarily a reflection of the CFO's view on the company's future prospects.

Industry Context

Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects. This particular filing indicates a sale to cover tax obligations, which is a common occurrence.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although sales to cover tax obligations are generally understood.

Key Dates