Allogene Therapeutics insider Form 4 shows 786-share sell to cover
Rhea-AI Filing Summary
Allogene Therapeutics (ALLO) reported an insider transaction by its SVP and Chief Technical Officer on a Form 4. On 11/17/2025, the executive sold 786 shares of common stock at a weighted average price of $1.22 per share, with individual trade prices ranging from $1.22 to $1.23. The filing explains that these shares were sold solely to cover tax withholding obligations triggered by the vesting of restricted stock units under the company’s equity incentive plan, and that this was a mandated "sell to cover" transaction rather than a discretionary sale. Following this small sale, the reporting person beneficially owns 217,721 shares of Allogene common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 786 | $1.22 | $958.92 |
Footnotes (1)
- Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.22 to $1.23, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
FAQ
What insider transaction did Allogene Therapeutics (ALLO) report on this Form 4?
The Form 4 reports that Allogene’s SVP and Chief Technical Officer sold 786 shares of common stock on 11/17/2025 in connection with restricted stock unit vesting.
Was this Allogene Therapeutics (ALLO) insider sale a discretionary trade?
No. The Form 4 explains that the sale was mandated by the issuer’s equity incentive plan as a "sell to cover" tax withholding transaction and does not represent a discretionary trade by the reporting person.
What is the role of the reporting person in Allogene Therapeutics (ALLO)?
The reporting person is an officer of Allogene Therapeutics, serving as SVP, Chief Technical Officer, as indicated in the relationship section of the Form 4.