Alumis (NASDAQ: ALMS) legal chief sells 5,000 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALUMIS INC. Chief Legal Officer Sanam Pangali exercised stock options for 5,000 shares of common stock at $5.06 per share and sold 5,000 shares in an open-market transaction at $28.00 per share on July 6, 2026.
Following these transactions, Pangali directly owns 11,111 shares of Alumis common stock. The exercised options were granted under the company’s 2024 Equity Incentive Plan, with vesting tied to the executive’s continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($140,000)
Net Sell
3 txns
Insider
Pangali Sanam
Role
Chief Legal Officer
Sold
5,000 shs ($140K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $5.06 | $25K |
| Sale | Common Stock | 5,000 | $28.00 | $140K |
Holdings After Transaction:
Stock Option (Right to Buy) — 36,000 shares (Direct, null);
Common Stock — 16,111 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,000 shares
Sale price: $28.00 per share
Options exercised: 5,000 shares
+3 more
6 metrics
Shares sold
5,000 shares
Open-market sale of common stock at $28.00 on July 6, 2026
Sale price
$28.00 per share
Price for 5,000-share open-market sale of common stock
Options exercised
5,000 shares
Stock option exercise into common stock at $5.06 per share
Exercise price
$5.06 per share
Conversion price for 5,000-share stock option
Shares owned after
11,111 shares
Direct ownership of Alumis common stock following transactions
Option expiration
February 17, 2035
Expiration date for the stock option (right to buy)
Key Terms
open-market sale, Stock Option (Right to Buy), derivative exercise/conversion, Continuous Service, +1 more
5 terms
open-market sale financial
"5,000 shares in an open-market transaction at $28.00 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
Continuous Service financial
"subject to ... the Reporting Person's Continuous Service ... on each such vesting date"
2024 Equity Incentive Plan financial
"defined in the Issuer's 2024 Equity Incentive Plan to the Issuer"
FAQ
What insider transactions did ALUMIS (ALMS) report for Sanam Pangali?
ALUMIS reported that Chief Legal Officer Sanam Pangali exercised 5,000 stock options at $5.06 per share and sold 5,000 common shares at $28.00 per share on July 6, 2026, according to a Form 4 insider trading filing.
What type of equity award did Sanam Pangali exercise at ALUMIS (ALMS)?
Pangali exercised a "Stock Option (Right to Buy)" covering 5,000 underlying ALUMIS common shares. The option carried a $5.06 exercise price and was granted under the company’s 2024 Equity Incentive Plan with service-based vesting conditions.
When do Sanam Pangali’s ALUMIS (ALMS) stock options expire?
The stock option exercised for 5,000 ALUMIS shares has an expiration date of February 17, 2035. The filing notes a vesting schedule tied to continued service, but all 5,000 of these underlying shares were exercised in the reported transaction.