Bassil I. Dahiyat - Nov 13, 2024 Form 4 Insider Report for Xencor Inc (XNCR)

Role
PRESIDENT & CEO, Director
Signature
/s/ Celia E. Eckert, Attorney-in-Fact
Stock symbol
XNCR
Transactions as of
Nov 13, 2024
Transactions value $
-$28,029
Form type
4
Date filed
11/14/2024, 06:38 PM
Previous filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XNCR Common Stock Options Exercise $52.8K +3.37K +0.95% $15.69 356K Nov 13, 2024 Direct F1, F2, F3
transaction XNCR Common Stock Sale -$80.8K -3.37K -0.95% $24.02 353K Nov 13, 2024 Direct F1, F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction XNCR Stock Option (Right to Buy) Options Exercise $0 -3.37K -4.49% $0.00 71.6K Nov 13, 2024 Common Stock 3.37K $15.69 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction is pursuant to a 10b5-1 plan adopted by the Reporting Person on June 14, 2024.
F2 Includes the following shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan: 417 shares acquired on June 10, 2024.
F3 Includes 304 shares previously inadvertently omitted due to a clerical error. On March 6, 2024, the Reporting Person filed a Form 4 which reported that, following the transactions, the Reporting Person beneficially owned a total of 354,635 shares of Common Stock (the "Original Report"). The Original Report and the subsequent Form 4s filed by the Reporting Person on March 12, 2024 and July 1, 2024 inadvertently omitted 304 shares held by the Reporting Person due to a clerical error.
F4 Represents the disposition of shares sold to pay option cost and estimated tax liability due upon option exercise.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.07, inclusive. 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 ranges set forth in this footnote.
F6 25% of the shares subject to the option vested on the one year anniversary of February 12, 2015 (the "Vesting Commencement Date"), and 1/48th of the shares vested monthly thereafter, such that the option was fully vested and exercisable on the four year anniversary of the Vesting Commencement Date.
F7 The Reporting Person previously transferred 75,000 shares underlying the stock option to his ex-spouse. The Reporting Person no longer reports as beneficially owned any securities owned by his ex-spouse.