Alignment Healthcare (ALHC) CMO sells 18,404 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alignment Healthcare, Inc. Chief Medical Officer Hyong Kim reported an open-market sale of 18,404 shares of common stock at a weighted-average price of $17.84 per share. According to the filing, these shares were sold solely to cover tax withholding obligations from vesting restricted stock units and did not represent a discretionary trade.
After this transaction, Kim directly holds 367,701 shares of Alignment Healthcare common stock. The shares were sold in multiple trades at prices ranging from $17.40 to $18.24 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,404 shares ($328,327)
Net Sell
1 txn
Insider
Kim Hyong
Role
Chief Medical Officer
Sold
18,404 shs ($328K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,404 | $17.84 | $328K |
Holdings After Transaction:
Common Stock — 367,701 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 Hyong Kim?
Alignment Healthcare’s Chief Medical Officer Hyong Kim reported selling 18,404 common shares. The filing explains the sale was made to satisfy tax withholding obligations arising from the vesting of restricted stock units, rather than as a discretionary decision to reduce his holdings.
Was Hyong Kim’s Alignment Healthcare (ALHC) stock sale a discretionary trade?
No. The Form 4 footnote clarifies that the 18,404 shares sold were required to cover tax withholding obligations related to restricted stock unit vesting. It specifically notes the transaction does not represent a discretionary trade by the reporting person, limiting its signaling value.