Form 4: Xencor Inc. CFO John J. Kuch Reports Stock Sale to Cover Tax Obligations

John J. Kuch, CFO of Xencor Inc., sold 4,474 shares of common stock on March 5, 2024, to cover withholding taxes related to the vesting of restricted stock units.

Summary

• On March 5, 2024, John J. Kuch, the Senior Vice President & CFO of Xencor Inc., disposed of 4,474 shares of common stock.
• The shares were sold at a price of $23.429 per share.
• This transaction was to cover withholding taxes upon the vesting of 11,742 restricted stock units.
• Following the transaction, Kuch directly owns 121,919 shares of Xencor Inc.
• This number includes 1,018 shares acquired in June 2023 and 163 shares acquired in December 2023 through the Issuer's Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (stock sale for tax purposes) by a company executive. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common occurrence.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates