Form 4: Xencor Inc. Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Dagmar Rosa-Bjorkeson sold 2,503 shares of Xencor Inc. stock on September 27, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On September 27, 2024, Dagmar Rosa-Bjorkeson, a director of Xencor Inc., sold 2,503 shares of common stock.
- The sale was executed at a price of $20.68 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan to cover withholding taxes associated with the vesting of restricted stock units.
- Following the transaction, Rosa-Bjorkeson directly owns 8,490 shares of Xencor Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate governance. Sales to cover tax obligations are not unusual.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of transaction: Director Dagmar Rosa-Bjorkeson sold shares of Xencor Inc. |
| 10/01/2024 | Date of signature on the Form 4 filing. |
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