Form 4: Xencor Inc. Director Kevin Charles Gorman Reports Acquisition of Stock and Stock Options

Kevin Charles Gorman, a director at Xencor Inc., reported the acquisition of common stock and stock options on June 13, 2024.

Summary

• On June 13, 2024, Kevin Charles Gorman, a director of Xencor Inc., reported acquiring 5,986 shares of common stock and 11,971 stock options.
• The common stock was acquired at a price of $0.
• The stock options have an exercise price of $21.31 and expire on June 12, 2034.
• The shares subject to the option will vest in equal monthly installments over one year beginning on the one-month anniversary of June 13, 2024, such that the total number of shares will be fully vested on June 13, 2025.
• Following the transaction, Gorman directly owns 11,046 shares of common stock and 11,971 stock options.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of insider transactions. The acquisition of shares and options could be seen as a slightly positive signal, but it's not definitively bullish.

Positives

• The acquisition of stock and stock options by a director may indicate confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Stakeholder Impact

• The reported transactions provide shareholders with insight into the actions of a key company director.

Key Dates