Form 4: Allakos Inc. Executive Adam Tomasi Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Allakos Inc. President Adam Tomasi sold 24,749 shares of common stock on June 7, 2024, to satisfy tax withholding obligations related to vesting RSUs.
Summary
- On June 7, 2024, Adam Tomasi, President of Allakos Inc., sold 24,749 shares of Allakos Inc. common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- The price per share was $1.12.
- Following the transaction, Mr. Tomasi directly owns 572,724 shares and indirectly owns 20,790 shares through the Tomasi Living Trust.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes on vested RSUs) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among company executives and do not necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| July 14, 2017 | Date of the Tomasi Living Trust |
| 06/07/2024 | Date of the share sale transaction |
| 06/10/2024 | Date of signature on the Form 4 filing |
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