Form 4: Astrana Health Executive Chairman Kenneth T. Sim Reports Changes in Beneficial Ownership

Kenneth T. Sim, Executive Chairman of Astrana Health, reports changes in beneficial ownership of common stock due to a pro rata distribution by Allied Physicians of California.

Summary

• Kenneth T. Sim, Executive Chairman of Astrana Health, Inc. (ASTH), filed a Form 4 on February 18, 2025, reporting changes in his beneficial ownership of the company's common stock.
• The changes are primarily due to a pro rata distribution of Astrana Health shares by Allied Physicians of California (APC) to its stockholders, including Mr. Sim.
• Mr. Sim's directly held common stock includes 609,905 shares, with 290,000 shares of restricted stock vesting over time based on continued employment and achievement of performance goals.
• He also indirectly owns shares through Allied Physicians of California (6,132,802 shares), the Kenneth T & Simone S Sim Family Trust (546,349 shares), the Kenneth T. Sim Pension Plan Trust (42,996 shares), and a grantor retained annuity trust (230,688 shares).
• Mr. Sim disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and disclaimers.

Future Outlook

The document outlines the vesting schedule for 290,000 restricted shares, which are contingent upon continued employment and the achievement of certain pre-established performance goals.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates changes in ownership due to a distribution, which is a less common event than open market transactions.

Key Dates

Keywords

Beneficial Ownership, Form 4, Astrana Health, ASTH, Kenneth T. Sim, Allied Physicians of California, Pro Rata Distribution, Restricted Stock