Xencor executive sells 6,620 shares for tax withholding
Xencor Inc senior executive reports tax-related share sales.
Rhea-AI Filing Summary
Xencor Inc senior executive reports tax-related share sales. SR. Vice President & CSO John R. Desjarlais sold a total of 6,620 shares of Xencor common stock in open-market transactions on March 5 and March 6. The sales were made solely to cover withholding taxes upon vesting of restricted stock units. Following these transactions, he directly holds 263,831 Xencor shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,620 shares
Net Sell
2 txns
Insider
Desjarlais John R
Role
SR. VICE PRESIDENT & CSO
Sold
6,620 shs ($74K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,502 | $11.0197 | $28K |
| Sale | Common Stock | 4,118 | $11.2455 | $46K |
Holdings After Transaction:
Common Stock — 263,831 shares (Direct)
Footnotes (2)
- F1. Represents the disposition of shares that were sold to pay withholding taxes upon vesting of 9,950 restricted stock units.
- F2. Represents the disposition of shares that were sold to pay withholding taxes upon vesting of 6,908 restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Xencor (XNCR) report for John R. Desjarlais?
Xencor reported that SR. Vice President & CSO John R. Desjarlais sold 6,620 shares of common stock over two days. These transactions were open-market sales executed to cover tax withholding obligations tied to recently vested restricted stock units.
What role does John R. Desjarlais hold at Xencor (XNCR) in this Form 4 filing?
John R. Desjarlais is identified as SR. Vice President & Chief Scientific Officer of Xencor. His position as a senior officer makes his equity transactions reportable on Form 4, providing transparency into changes in his direct ownership of Xencor common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.