Form 4: Xencor CEO Bassil Dahiyat Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Bassil Dahiyat, CEO of Xencor, Inc., sold 19,716 shares of common stock on March 10, 2025, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On March 10, 2025, Bassil I. Dahiyat, the President and CEO of Xencor, Inc. (XNCR), sold 19,716 shares of common stock.
- The sale was executed at a price of $13.5971 per share.
- The transaction was to cover withholding taxes upon the vesting of 52,273 restricted stock units.
- Following the transaction, Dahiyat directly owns 465,419 shares of Xencor common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily indicate a change in the CEO's confidence in the company.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of stock sale transaction. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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