Form 4: Annexon EVP Ted Yednock Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ted Yednock, EVP & Chief Innovation Officer of Annexon, Inc., sold 1,106 shares of common stock on July 15, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 15, 2024, Ted Yednock, the EVP & Chief Innovation Officer of Annexon, Inc., sold 1,106 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 $6.02, with individual trades ranging from $5.97 to $6.04.
- Following the transaction, Yednock directly owns 71,365 shares of Annexon's common stock and indirectly owns 21,000 shares through his spouse.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports a routine stock sale for tax purposes.
Industry Context
This is a routine Form 4 filing, reflecting an executive's stock sale to cover tax obligations, a common practice in publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of the stock sale transaction. |
| 07/17/2024 | Date of signature for the Form 4 filing. |
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