Form 4: Xencor Inc. Executive Nancy Valente Sells Shares to Cover Tax Obligations

Nancy Valente, EVP and Chief Development Officer of Xencor Inc., sold 4,616 shares of common stock on May 2, 2025, to cover withholding taxes related to vesting restricted stock units.

Summary

• On May 2, 2025, Nancy Valente, the EVP and Chief Development Officer of Xencor Inc., disposed of 4,616 shares of common stock.
• The shares were sold at a price of $11.03 per share.
• This transaction was executed to cover withholding taxes upon the vesting of 13,099 restricted stock units.
• Following the transaction, Valente directly owns 49,169 shares of Xencor Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction to cover tax obligations, so it's neutral in sentiment.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. These transactions are closely monitored by investors for insights into executive sentiment and potential impact on stock price.

Stakeholder Impact

• The sale could have a minor, temporary impact on the stock price due to increased selling pressure.

Key Dates

Keywords

Xencor Inc, Nancy Valente, Form 4, Stock Sale, Executive Compensation, Restricted Stock Units, Withholding Taxes, Beneficial Ownership