Form 4: Annexon EVP Jennifer Lew Reports Sale of Common Stock to Cover Tax Obligations

Jennifer Lew, EVP & CFO of Annexon, Inc., reported selling 1,786 shares of common stock on February 13, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 18, 2025, Jennifer Lew, the EVP & CFO of Annexon, Inc., filed a Form 4 with the SEC.
• The form reports a transaction that occurred on February 13, 2025, where Ms. Lew sold 1,786 shares of Annexon's common stock.
• The sale was executed at a weighted average price of $2.98 per share, with individual trades ranging from $2.89 to $3.015.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Ms. Lew directly owns 84,682 shares of Annexon's common stock.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (sale of shares for tax obligations) by an executive, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. This particular filing relates to the sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor, short-term impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates