Cornelissen Bart Jan 4

What Happened

Bart Jan Cornelissen, Senior Vice President & CFO of Xencor (XNCR), disposed of 2,517 shares on March 5, 2026 in a sale at $11.25 per share, generating proceeds of $28,305. The Form 4 shows this was a sale (transaction code S) and the shares were sold to cover tax withholding related to vested restricted stock units.

Key Details

• Transaction date: 2026-03-05
• Price: $11.25 per share; total proceeds: $28,305
• Transaction type: Sale (S) — open market/private sale reported on Form 4
• Footnote: F1 — shares were sold to pay withholding taxes upon vesting of 7,316 RSUs
• Filing date: 2026-03-09 (filed within the SEC’s 2-business-day window; timely)
• Shares owned after transaction: Not provided in the supplied filing details

Context

This sale was a routine tax-withholding transaction tied to RSU vesting, common when restricted shares vest and cash is needed to satisfy tax obligations. Such withholding sales are generally administrative and do not necessarily reflect the insider’s view on the company’s prospects. Purchases by insiders typically carry more signal for bullish sentiment.