Form 4: Annexon EVP Ted Yednock Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Ted Yednock, EVP & Chief Innovation Officer of Annexon, Inc., exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On October 15, 2024, Ted Yednock, the EVP & Chief Innovation Officer of Annexon, Inc., executed a stock option to acquire 5,408 shares of common stock at a price of $1.8501 per share.
- Simultaneously, Yednock sold 5,408 shares of Annexon common stock at a price of $7.41 per share.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on April 12, 2024.
- Following these transactions, Yednock beneficially owns 71,365 shares of Annexon common stock directly and holds options for 30,646 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects routine insider trading activity under a pre-arranged plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of adoption of the Rule 10b5-1 trading plan. |
| 08/11/2026 | Expiration date of the stock options. |
| 10/15/2024 | Date of the stock option exercise and sale of shares. |
| 11/17/2023 | Date of signature by Attorney-in-Fact. |
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