Alignment Healthcare (ALHC) CIO sells 11,285 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alignment Healthcare, Inc. Chief Information Officer Robert L. Scavo reported an open-market sale of 11,285 shares of common stock. The shares were sold primarily to cover tax withholding obligations tied to the vesting of restricted stock units, so the transaction was not a discretionary trade. The weighted-average sale price was $17.84 per share, with individual trades ranging from $17.40 to $18.24. After this tax-related sale, Scavo holds 487,685 shares of Alignment Healthcare common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,285 shares ($201,324)
Net Sell
1 txn
Insider
Scavo Robert L.
Role
Chief Information Officer
Sold
11,285 shs ($201K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,285 | $17.84 | $201K |
Holdings After Transaction:
Common Stock — 487,685 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 on this Form 4?
Alignment Healthcare reported that Chief Information Officer Robert L. Scavo sold 11,285 shares of common stock. The sale was linked to tax withholding obligations from vesting restricted stock units, rather than a discretionary decision to reduce his investment position.
Was the Alignment Healthcare CIO’s Form 4 sale a discretionary trade?
No. The footnotes explain that the 11,285 shares were sold to satisfy tax withholding obligations from vesting restricted stock units. The filing explicitly notes that this transaction does not represent a discretionary trade by Robert L. Scavo in Alignment Healthcare stock.