Director at Xencor (XNCR) sells 7,527 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xencor Inc director Kevin Charles Gorman reported an open-market sale of 7,527 shares of Xencor common stock. The shares were sold at an average price of $12.31 per share. This trade was executed under a 10b5-1 trading plan adopted on June 27, 2025. Following the sale, Gorman directly holds 11,378 Xencor shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,527 shares ($92,657)
Net Sell
1 txn
Insider
GORMAN KEVIN CHARLES
Role
null
Sold
7,527 shs ($93K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,527 | $12.31 | $93K |
Holdings After Transaction:
Common Stock — 11,378 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 7,527 shares
Sale price: $12.31 per share
Shares held after sale: 11,378 shares
3 metrics
Shares sold
7,527 shares
Open-market sale of Xencor common stock
Sale price
$12.31 per share
Average price for the 7,527 shares sold
Shares held after sale
11,378 shares
Direct ownership following the reported transaction
Key Terms
10b5-1 plan, open-market sale, Common Stock
3 terms
10b5-1 plan financial
"This transaction is pursuant to a 10b5-1 plan adopted by the Reporting Person on June 27, 2025."
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
open-market sale financial
"transaction_action: open-market sale"
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.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Xencor (XNCR) director Kevin Gorman report?
Xencor director Kevin Charles Gorman reported selling 7,527 shares of common stock. The transaction was an open-market sale at an average price of $12.31 per share, and it was carried out under a pre-arranged 10b5-1 trading plan.
Was the Xencor (XNCR) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing notes the transaction was made pursuant to a 10b5-1 trading plan adopted by Kevin Charles Gorman on June 27, 2025. Such plans pre-schedule trades, reducing the significance of trade timing as a signal of insider sentiment.
What type of security did XNCR director Kevin Gorman sell in this Form 4?
Kevin Charles Gorman sold Xencor common stock in this reported transaction. The Form 4 shows a single open-market sale of 7,527 common shares at $12.31 per share, leaving him with 11,378 common shares held directly afterward.