Form 4: Xencor Director Alan Bruce Montgomery Executes Stock Transactions Under 10b5-1 Plan

Xencor director Alan Bruce Montgomery executed multiple stock option exercises and sales under a pre-arranged 10b5-1 trading plan.

Summary

• Alan Bruce Montgomery, a director at Xencor Inc, engaged in several transactions involving Xencor common stock.
• These transactions included the exercise of stock options and the subsequent sale of shares.
• The transactions were executed under a pre-arranged 10b5-1 trading plan adopted on June 28, 2024.
• On December 2, 2024, Montgomery exercised options to acquire 8,293 shares at $15.35 and 5,008 shares at $20, then sold 13,301 shares at an average price of $27.0299.
• On December 4, 2024, Montgomery exercised options to acquire 991 shares at $15.35 and 430 shares at $20, then sold 1,421 shares at an average price of $27.0276.
• Following these transactions, Montgomery directly owns 9,140 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by a director, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing for a director's stock transactions and is common practice for executives and directors of publicly traded companies.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to avoid accusations of insider trading.
• The reported transactions are typical for directors who receive stock options as part of their compensation.
• The prices at which the shares were sold are within the normal trading range for Xencor stock.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but this is likely to be minimal.

Key Dates

Keywords

Xencor, stock options, 10b5-1 plan, insider trading, stock sales, Alan Bruce Montgomery, director