Form 4: Allakos Inc. Director Graham Neil Murray Hamilton Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Graham Neil Murray Hamilton reports cancellation of stock options due to merger agreement.
Summary
- On May 15, 2025, Allakos Inc. Director Graham Neil Murray Hamilton filed a Form 4 to report changes in beneficial ownership.
- The report indicates the cancellation of stock options due to the merger agreement between Allakos Inc., Concentra Biosciences, LLC, and Concentra Merger Sub III, Inc. dated April 1, 2025.
- Specifically, two stock option grants were cancelled: one for 154,786 shares at an exercise price of $2.83, expiring on August 28, 2033, and another for 41,000 shares at an exercise price of $1.42, expiring on May 24, 2034.
- The cancellation was without consideration, as per the merger agreement terms.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports a transaction related to a merger.
Negatives
- Director Graham Neil Murray Hamilton had stock options cancelled.
Industry Context
The cancellation of stock options is a common occurrence during mergers and acquisitions, as the acquiring company often restructures equity compensation plans.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of the Agreement and Plan of Merger between Allakos Inc., Concentra Biosciences, LLC and Concentra Merger Sub III, Inc. |
| 05/15/2025 | Date of the transaction and filing of Form 4. |
| 05/24/2034 | Original expiration date of one of the cancelled stock options. |
| 08/28/2033 | Original expiration date of one of the cancelled stock options. |
Keywords
Form 4, beneficial ownership, stock options, cancellation, merger agreement, Allakos Inc., ALLK, director, Graham Neil Murray Hamilton
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.