Alumis Inc. (ALMS) CMO sells 2,447 shares in required tax sell-to-cover
Rhea-AI Filing Summary
ALUMIS INC.’s Chief Medical Officer, Jorn Drappa, reported a mandatory sale of 2,447 shares of common stock on August 3, 2026 at a weighted average price of $26.37 per share, in multiple trades between $25.54 and $26.42. The sale was executed under company policy as a sell-to-cover transaction to satisfy tax obligations arising from the vesting and settlement of restricted stock units granted on July 29, 2025, and is described as not a discretionary sale. Following these sales, Drappa directly holds 56,892 shares of Alumis common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 2,447 shares
Net Sell
1 txn
Insider
Drappa Jorn
Role
Chief Medical Officer
Sold
2,447 shs ($65K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 2,447 | $26.37 | $65K |
Holdings After Transaction:
Common Stock — 56,892 shares (Direct)
Footnotes (2)
- F1. The sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy tax obligations of the Reporting Person incurred with the vesting and settlement of restricted stock units granted on July 29, 2025, and does not represent a discretionary sale by the Reporting Person.
- F2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.54 to $26.42 per share. 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 in this footnote.
Key Figures
Shares sold: 2,447 shares
Weighted average sale price: $26.37 per share
Sale price range: $25.54–$26.42 per share
+2 more
5 metrics
Shares sold
2,447 shares
Common stock sold on August 3, 2026 by the CMO
Weighted average sale price
$26.37 per share
Average price for the 2,447 shares sold
Sale price range
$25.54–$26.42 per share
Range of prices for multiple sale transactions
Shares held after sale
56,892 shares
Direct common stock holdings of the CMO after the transaction
RSU grant date
July 29, 2025
Date of restricted stock units whose vesting triggered tax sell-to-cover
Key Terms
sell-to-cover, restricted stock units, weighted average sale price
3 terms
sell-to-cover financial
"policy requiring sell-to-cover to satisfy tax obligations"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
restricted stock units financial
"vesting and settlement of restricted stock units granted on July 29, 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average sale price financial
"reported price in Column 4 is a weighted average sale price"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Alumis (ALMS) disclose in this Form 4?
Alumis (ALMS) disclosed that Chief Medical Officer Jorn Drappa sold 2,447 common shares on August 3, 2026. The transaction was a sell-to-cover sale required to pay taxes linked to the vesting and settlement of previously granted restricted stock units.
Was the Alumis (ALMS) insider sale by the CMO discretionary?
The filing states the sale by Alumis (ALMS) CMO was not discretionary. It was carried out pursuant to the company’s policy requiring sell-to-cover transactions to satisfy tax obligations from the vesting and settlement of restricted stock units granted on July 29, 2025.