Form 4: Xencor Inc. Executive Exercises Stock Options and Reports Beneficial Ownership
SEC Form 4 Filing
John R. Desjarlais, SR. VICE PRESIDENT & CSO of Xencor Inc., reports exercising stock options and subsequent beneficial ownership of common stock.
Summary
- On February 3, 2025, John R. Desjarlais, SR. VICE PRESIDENT & CSO of Xencor Inc., exercised stock options to acquire 3,542 shares of common stock at a price of $15.69 per share.
- Following the transaction, Desjarlais directly owns 216,420 shares of Xencor Inc. common stock.
- The stock options were granted with a vesting schedule that began on February 12, 2015, and fully vested on the four-year anniversary of that date.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard transaction of an executive exercising vested stock options. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| February 12, 2015 | Vesting Commencement Date for the stock options |
| February 3, 2025 | Date of stock option exercise and Form 4 filing |
| February 11, 2025 | Expiration date of the exercised options |
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