Form 4: Xencor Inc. SVP, General Counsel Celia Eckert Reports Sale of Shares for Tax Obligations

Celia Eckert, SVP, General Counsel of Xencor Inc., reports the sale of 5,740 shares of common stock to cover withholding taxes upon the vesting of restricted stock units.

Summary

• On March 10, 2025, Celia Eckert, SVP, General Counsel of Xencor Inc., sold 5,740 shares of common stock.
• The shares were sold at a price of $13.5971 per share.
• The sale was executed to cover withholding taxes related to the vesting of 14,499 restricted stock units.
• Following the transaction, Eckert directly owns 63,507 shares of Xencor Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates that a company executive sold shares, likely to cover tax obligations related to vested stock awards. This is a common practice and doesn't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.

Key Dates