Form 4: Xencor Inc. Director Richard J. Ranieri Reports Sale of Common Stock

Director Richard J. Ranieri of Xencor Inc. reports selling 2,503 shares of common stock on September 27, 2024, at a price of $20.68 per share.

Summary

• On September 27, 2024, Richard J. Ranieri, a director of Xencor Inc., sold 2,503 shares of common stock.
• The sale was executed at a price of $20.68 per share.
• Following the transaction, Ranieri directly owns 8,490 shares of Xencor Inc. common stock.
• The sale was conducted under a pre-arranged 10b5-1 trading plan to cover withholding taxes related to the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a stock sale under a pre-arranged plan for tax purposes, which doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally by shareholders, as it is related to tax obligations and doesn't necessarily reflect a change in the director's long-term confidence in the company.

Key Dates