Form 4: Allakos Inc. President Adam Tomasi Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Allakos Inc. President Adam Tomasi sold 47,392 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
Summary
- On March 5, 2024, Adam Tomasi, President of Allakos Inc., sold 47,392 shares of Allakos common stock at a price of $1.44 per share.
- The sale was executed to satisfy tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Tomasi directly owns 597,473 shares and indirectly owns 20,790 shares through the Tomasi Living Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This filing indicates that the President of Allakos sold shares to cover tax obligations, which is a common occurrence.
Stakeholder Impact
- The stock sale by a company president could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| July 14, 2017 | Date of the Tomasi Living Trust |
| March 5, 2024 | Date of stock sale transaction |
| March 6, 2024 | Date of signature for the Form 4 filing |
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