Form 4: Annexon EVP Michael Overdorf Sells Shares to Cover Tax Obligations

Michael Overdorf, EVP & Chief Business Officer of Annexon, Inc., sold 6,618 shares of common stock on February 18, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 18, 2025, Michael Overdorf, the EVP & Chief Business Officer of Annexon, Inc. (ANNX), sold 6,618 shares of the company'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 $2.95, with individual trades ranging from $2.85 to $3.12.
• Following the transaction, Overdorf directly owns 86,579 shares of Annexon common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Annexon, Michael Overdorf, stock sale, Form 4, ANNX, EVP, Chief Business Officer, restricted stock units, tax withholding