Form 4: Allakos Inc. President Adam Tomasi Sells Shares to Cover Tax Obligations

Allakos Inc. President Adam Tomasi sold 21,116 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Adam Tomasi, President of Allakos Inc., sold 21,116 shares of common stock on December 6, 2024.
• The sale was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The price per share was $1.1.
• Following the transaction, Mr. Tomasi directly owns 532,647 shares of Allakos Inc. common stock.
• He also indirectly owns 20,790 shares through the Tomasi Living Trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine transaction for company executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when RSUs vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• The number of shares sold is relatively small compared to the total shares held by the executive.
• This type of transaction is not unusual and is generally not seen as a negative signal for the company.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small transaction by an executive to cover tax obligations.

Key Dates

Keywords

Allakos Inc., Adam Tomasi, stock sale, insider trading, Form 4, restricted stock units, tax obligations