Form 4: Alumis Inc. Executive Roy C. Hardiman Reports Changes in Beneficial Ownership
SEC Form 4
Roy C. Hardiman, Chief Business & Legal Officer of Alumis Inc., reports a reclassification of Class A Common Stock into voting Common Stock and the acquisition and disposal of stock options.
Summary
- On July 1, 2024, Roy C. Hardiman, Chief Business & Legal Officer of Alumis Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The filing reflects a reclassification where each share of Class A Common Stock was reclassified into one share of voting Common Stock.
- Hardiman also reported the acquisition and disposal of various stock options with an exercise price of $8.84 and $10.2 and $13.33.
- These options have different vesting schedules, some dependent on performance criteria and continued service to the Issuer.
- Hardiman directly owns 175,401 shares of Common Stock and indirectly owns 6,417 shares through his daughter.
- He also directly owns options to buy 450,761 shares of Common Stock at prices of $8.84, $10.2 and $13.33.
- The options expire on various dates between January 26, 2032, and June 5, 2034.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard insider transactions. It doesn't inherently indicate positive or negative sentiment.
Positives
- The reclassification of Class A Common Stock into voting Common Stock simplifies the company's capital structure.
Future Outlook
The vesting of stock options is subject to continued service and, in some cases, the Issuer's satisfaction of certain performance criteria.
Industry Context
Form 4 filings are a routine part of the US regulatory landscape, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 01/27/2023 | 25% of the shares underlying one option vested. |
| 01/27/2024 | 33% of the shares underlying one option vested. |
| 05/22/2024 | 25% of the shares underlying one option vested. |
| 07/01/2024 | Date of transaction and filing. |
| 10/09/2024 | 25% of the shares underlying one option vest. |
| 05/06/2028 | First vesting date for one option, subject to performance criteria. |
| 05/06/2029 | Second vesting date for one option, subject to performance criteria. |
| 05/06/2030 | Third vesting date for one option, subject to performance criteria. |
| 01/26/2032 | Expiration date for some stock options. |
| 06/22/2033 | Expiration date for some stock options. |
| 10/08/2033 | Expiration date for some stock options. |
| 05/05/2034 | Expiration date for some stock options. |
| 06/05/2034 | Expiration date for some stock options. |
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