Alignment Healthcare (ALHC) CEO sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
Alignment Healthcare, Inc. Chief Executive Officer John E. Kao reported an open-market sale of 73,046 shares of common stock at a weighted-average price of $17.84 per share. According to the disclosure, these shares were sold to cover tax withholding obligations arising from vesting of restricted stock units and did not represent a discretionary trade.
After the sale, Kao directly owned 1,784,868 common shares. He also had an additional 2,472,641 shares held indirectly through the JEK Trust dated February 8, 2021, for which he serves as trustee.
Positive
- None.
Negative
- None.
Insights
CEO sale is tied to RSU tax withholding and appears routine.
The CEO of Alignment Healthcare, John E. Kao, reported selling 73,046 shares of common stock at a weighted-average price of $17.84. Footnotes state the sale covered tax withholding from vesting restricted stock units, indicating a compensation-driven, mechanistic transaction.
This disposition leaves Kao with 1,784,868 shares held directly, plus 2,472,641 shares held indirectly through the JEK Trust, where he is trustee. The reported trade is small relative to these holdings. As a tax-withholding related sale, it carries limited informational value about his view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 73,046 | $17.84 | $1.30M |
| holding | Common Stock | -- | -- | -- |
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. Represents securities held by JEK Trust, dated February 8, 2021, of which Mr. Kao is the trustee.