Form 4: Xencor Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John R. Desjarlais, a Senior Vice President & CSO at Xencor Inc., sold shares of common stock to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On March 10, 2025, John R. Desjarlais, a Senior Vice President & CSO of Xencor Inc., disposed of 9,697 shares of common stock.
- The shares were sold at a price of $13.5971 per share.
- The transaction was executed to cover withholding taxes upon the vesting of 25,104 restricted stock units.
- Following the transaction, Desjarlais directly owns 236,574 shares of Xencor Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It is common for executives to sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Sale of common stock. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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