Alignment Healthcare (NASDAQ: ALHC) COO sells 15,361 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alignment Healthcare COO Sebastian Burzacchi reported an open-market sale of 15,361 shares of common stock. The shares were sold at a weighted-average price of $17.84 per share, in multiple trades between $17.40 and $18.24. According to the disclosure, the sale was required to cover tax withholding obligations tied to the vesting of restricted stock units and is described as non-discretionary. After this transaction, Burzacchi directly holds 258,630 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,361 shares ($274,040)
Net Sell
1 txn
Insider
Burzacchi Sebastian
Role
COO - Mgmt Services Org
Sold
15,361 shs ($274K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,361 | $17.84 | $274K |
Holdings After Transaction:
Common Stock — 258,630 shares (Direct)
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 Sebastian Burzacchi?
Sebastian Burzacchi, COO – Management Services Organization at Alignment Healthcare, reported selling 15,361 shares of common stock. The filing explains these shares were sold solely to cover tax withholding obligations arising from vesting restricted stock units, rather than from a discretionary trading decision.