Form 4: Annexon EVP Michael Overdorf Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Overdorf, EVP & Chief Business Officer of Annexon, Inc., sold 1,425 shares of common stock on February 13, 2025, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 13, 2025, Michael Overdorf, the EVP & Chief Business Officer of Annexon, Inc. (ANNX), sold 1,425 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 $2.99, with individual trades ranging from $2.90 to $3.02.
- Following the transaction, Overdorf directly owns 93,197 shares of Annexon, Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
This is a standard Form 4 filing, reflecting an insider's stock sale to cover tax obligations, a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of transaction: Michael Overdorf sold 1,425 shares of Annexon, Inc. common stock. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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