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.
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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.
At what price were the Alignment Healthcare (ALHC) shares sold in this Form 4 filing?
The reported weighted-average sale price was $17.84 per share. According to the filing, the shares were sold in multiple transactions at prices ranging from $17.40 to $18.24 per share, reflecting normal market execution across a trading range on the transaction date.
Why did Dawn Christine Maroney sell Alignment Healthcare (ALHC) shares in this transaction?
The filing states the sale represents shares required to be sold to cover tax withholding obligations related to vesting restricted stock units. It explicitly notes this transaction does not represent a discretionary trade by the reporting person, indicating a routine tax-driven event.
How many Alignment Healthcare (ALHC) shares does Dawn Christine Maroney hold after the reported sale?
After completing the tax-related sale, Dawn Christine Maroney directly holds 1,058,813 shares of Alignment Healthcare common stock. This post-transaction balance, reported in the Form 4, shows she retains a substantial equity position in the company following the mandatory withholding sale.
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.