Form 4: Xencor CEO Bassil Dahiyat Sells Shares to Cover Tax Obligations

Xencor's CEO, Bassil Dahiyat, sold 2,741 shares of common stock on March 11, 2024, to cover withholding taxes related to the vesting of restricted stock units.

Summary

• On March 11, 2024, Bassil I. Dahiyat, the President and CEO of Xencor Inc., sold 2,741 shares of Xencor's common stock.
• The shares were sold at a price of $23.5018 per share.
• The transaction was executed to cover withholding taxes associated with the vesting of 7,333 restricted stock units.
• Following the transaction, Dahiyat directly owns 351,894 shares of Xencor common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.

Industry Context

This is a routine Form 4 filing, which is common when company executives sell shares, especially to cover tax obligations related to stock-based compensation. It doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by the CEO could have a minor, temporary impact on shareholders due to the increased supply of shares in the market.

Key Dates