Form 4: Allakos Inc. President Adam Tomasi Reports Stock Sale to Cover Tax Obligations

Allakos Inc. President Adam Tomasi sold 20,017 shares of common stock on March 5, 2025, to cover tax withholding obligations related to vesting RSUs.

Summary

• On March 5, 2025, Adam Tomasi, President of Allakos Inc., sold 20,017 shares of Allakos Inc. common stock.
• The sale was executed to satisfy tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• The price per share for the transaction was $0.26.
• Following the transaction, Mr. Tomasi directly owns 512,630 shares of Allakos Inc. common stock.
• Additionally, Mr. Tomasi indirectly owns 20,790 shares through the Tomasi Living Trust dated July 14, 2017.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

• The sale of shares by a company president could be perceived negatively by some shareholders, but it is a common practice to cover tax obligations.

Key Dates