Form 4: Annexon Executive Sells Shares for Tax Obligations

Annexon, Inc.'s EVP & Chief Business Officer, Michael Overdorf, sold 853 shares of common stock on July 14, 2025, to cover tax withholding obligations related to RSU vesting.

Summary

• Michael Overdorf, EVP & Chief Business Officer of Annexon, Inc. (ANNX), sold 853 shares of common stock.
• The transaction occurred on July 14, 2025, at a weighted average price of $2.61 per share, with prices ranging from $2.57 to $2.64.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following this transaction, Michael Overdorf directly beneficially owns 130,689 shares of Annexon, Inc. common stock.
• The sale was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine sale to cover tax obligations from RSU vesting, which is a neutral event and does not indicate a change in confidence or company performance.

Stakeholder Impact

• Minimal direct impact on shareholders as the sale is a small, routine transaction for tax purposes and does not signal a change in company fundamentals or executive confidence.
• No direct impact on employees, customers, suppliers, or creditors mentioned.

Key Dates

Keywords

Annexon Inc., ANNX, Michael Overdorf, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation