Form 4: Alumis Inc. General Counsel Sara Klein Reports Changes in Beneficial Ownership
SEC Form 4
Sara Klein, General Counsel of Alumis Inc., reports a reclassification of Class A Common Stock into voting Common Stock and adjustments to stock option holdings.
Summary
- On July 1, 2024, Sara Klein, General Counsel of Alumis Inc., filed a Form 4 detailing changes in beneficial ownership.
- The filing reflects a reclassification where each share of Class A Common Stock was reclassified into one share of voting Common Stock.
- This reclassification resulted in Klein disposing of 33,796 shares of Class A Common Stock and acquiring 33,796 shares of Common Stock.
- The filing also shows adjustments to Klein's stock option holdings, including the disposal and acquisition of options with varying exercise prices and vesting schedules.
- These adjustments involve options with exercise prices of $16 and $8.84, and $10.2 and $13.33 with expiration dates ranging from 2032 to 2034.
- The vesting schedules for these options vary, with some vesting in installments over 36 or 48 months, and others subject to performance criteria.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in Sara Klein's holdings due to a stock reclassification and adjustments to stock options, which are common forms of executive compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Stock Reclassification | Each share of Class A Common Stock was reclassified into one share of voting Common Stock. | 07/01/2024 | This reclassification simplifies the company's stock structure and could potentially impact voting rights. |
Stakeholder Impact
- Shareholders may experience a change in the voting power of their shares due to the reclassification of Class A Common Stock into voting Common Stock.
- Employees holding stock options will see adjustments to their holdings as a result of the reclassification.
Key Dates
| Date | Description |
|---|---|
| 01/26/2032 | Expiration date for some stock options with an exercise price of $8.84. |
| 06/22/2033 | Expiration date for some stock options with an exercise price of $8.84. |
| 10/08/2033 | Expiration date for some stock options with an exercise price of $8.84. |
| 05/05/2034 | Expiration date for some stock options with an exercise price of $10.2. |
| 06/05/2034 | Expiration date for some stock options with an exercise price of $13.33. |
| 06/26/2034 | Expiration date for some stock options with an exercise price of $16. |
| 06/27/2024 | Date of earliest transaction for stock options. |
| 07/01/2024 | Date of the reclassification of Class A Common Stock and adjustments to stock option holdings. |
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