Eckert Celia 4

What Happened

• Celia Eckert, SVP and General Counsel of Xencor, made two open-market dispositions to cover tax withholding tied to restricted stock unit (RSU) vesting. On 2026-03-05 she sold 3,244 shares at $11.25 each for $36,480; on 2026-03-06 she sold 1,767 shares at $11.02 each for $19,472. Total proceeds were $55,952. These were sales (not purchases) executed to satisfy tax withholding obligations.

Key Details

• Transaction dates and prices:
  • 2026-03-05: Sold 3,244 shares @ $11.25 — $36,480 (Footnote F1)
  • 2026-03-06: Sold 1,767 shares @ $11.02 — $19,472 (Footnote F2)
• Total shares sold: 5,011; total proceeds: $55,952.
• Shares owned after the transactions: not specified in the Form 4 filing.
• Footnotes: F1 — sale to pay withholding on vesting of 7,316 RSUs; F2 — sale to pay withholding on vesting of 4,363 RSUs.
• Filing timeliness: Form 4 was filed 2026-03-09 and covers the March 5–6 transactions; the filing appears timely under the 2-business-day rule.

Context

• These sales were tax-withholding dispositions tied to RSU vesting (common routine transactions) rather than discretionary market sales. Such withholding sales are generally administrative and do not necessarily signal a change in the insider’s view of the company. Purchases and voluntary sales are typically more informative about insider sentiment.