Form 4: Allakos Inc. President Adam Tomasi Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Allakos Inc. President Adam Tomasi sold shares to cover tax obligations related to vesting RSUs, according to a recent SEC filing.
Summary
- On September 6, 2024, Adam Tomasi, President of Allakos Inc., sold 21,961 shares of common stock at a price of $0.65 per share to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Tomasi directly owns 553,763 shares of Allakos Inc.
- Tomasi also indirectly owns 20,790 shares through the Tomasi Living Trust dated July 14, 2017.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who sell shares of their company's stock. It is important to monitor these filings to understand insider sentiment and potential future stock performance.
Key Dates
| Date | Description |
|---|---|
| July 14, 2017 | Date of the Tomasi Living Trust |
| 09/06/2024 | Date of stock sale transaction |
| 09/10/2024 | Date of signature on the Form 4 filing |
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