Alignment Healthcare (ALHC) president sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
Alignment Healthcare, Inc. President Dawn Christine Maroney reported a mandatory sale of 36,749 shares of common stock. The shares were sold in open-market transactions at a weighted-average price of $17.84 per share to cover tax withholding obligations from vesting restricted stock units, and are described as non-discretionary. Following these transactions, Maroney directly holds 1,058,813 shares of Alignment Healthcare common stock. Individual sales occurred at prices ranging from $17.40 to $18.24 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 36,749 | $17.84 | $656K |
Footnotes (1)
- Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This transaction does not represent a discretionary trade by the reporting person. The reported price in column 4 is a weighted-average price. Shares were sold in multiple transactions at a per share price ranging from $17.40 to $18.24. The reporting person undertakes to provide to Alignment Healthcare, Inc., any security holder of Alignment Healthcare, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range.
FAQ
What insider transaction did Alignment Healthcare (ALHC) report for Dawn Christine Maroney?
Dawn Christine Maroney reported selling 36,749 shares of Alignment Healthcare common stock. The sale was tied to tax withholding obligations from vesting restricted stock units and was described as non-discretionary, meaning it was not an elective trade for portfolio or valuation reasons.
Does the Alignment Healthcare (ALHC) Form 4 describe the sale as open-market or private?
The transaction is characterized as an open-market sale of common stock. However, the footnote clarifies the sale was made to satisfy tax withholding obligations tied to restricted stock unit vesting, distinguishing it from a discretionary open-market trade based on valuation views.