Form 4: Xencor CFO Sells Shares to Cover Taxes

Xencor Inc. reports a disposition of common stock by its Senior Vice President & CFO, Bart Jan Cornelissen, to cover withholding taxes upon restricted stock unit vesting.

Summary

• Bart Jan Cornelissen, Senior Vice President & CFO of Xencor Inc., disposed of 3,499 shares of common stock on April 10, 2026.
• The transaction was a sale at a price of $12.2865 per share.
• This disposition was made to cover withholding taxes associated with the vesting of 14,088 restricted stock units.
• Following this transaction, Mr. Cornelissen beneficially owns 75,898 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale of shares by the CFO is a standard procedure for covering tax obligations upon the vesting of restricted stock units.

Negatives

• The CFO sold shares, which could be perceived negatively by the market, although it was for tax purposes related to stock vesting.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine for executives and often reflect planned transactions such as tax withholding upon vesting of equity awards, rather than a negative view on the company's prospects.

Stakeholder Impact

• Shareholders: The sale of shares by an executive may be perceived as a negative signal, though the reason for the sale (tax withholding) mitigates this concern.

Key Dates

Keywords

Xencor Inc, XNCR, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, CFO, Beneficial Ownership