Form 4: Annexon CFO Jennifer Lew Sells Shares to Cover Tax Obligations

Jennifer Lew, EVP & CFO of Annexon, Inc., sold 1,104 shares of common stock on July 15, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On July 15, 2024, Jennifer Lew, the EVP & CFO of Annexon, Inc., sold 1,104 shares of Annexon's common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were sold at a weighted average price of $6.03, with individual trades ranging from $5.97 to $6.04.
• Following the transaction, Lew directly owns 86,468 shares of Annexon's common stock, which includes 5,514 shares acquired through the Employee Stock Purchase Plan on May 15, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive to cover tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This filing indicates that an executive sold shares, which is a common occurrence for covering tax obligations related to equity compensation.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates