Robert Alexander - 01 Dec 2021 Form 4 Insider Report for Allakos Inc. (ALLK)

Role
Chief Executive Officer, Director
Signature
/s/ Adam Tomasi, by power of attorney
Issuer symbol
ALLK
Transactions as of
01 Dec 2021
Net transactions value
-$1,592,764
Form type
4
Filing time
03 Dec 2021, 15:07:08 UTC
Previous filing
03 Sep 2021
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALLK Common Stock Award $0 +51,681 +22% $0.000000 285,491 01 Dec 2021 Direct F1, F2, F3
transaction ALLK Common Stock Tax liability $1,592,764 -20,241 -7.1% $78.69* 265,250 02 Dec 2021 Direct F3, F4
holding ALLK Common Stock 320,300 01 Dec 2021 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Alexander was awarded 51,681 restricted stock units ("RSUs") pursuant to the Company's 2018 Equity Incentive Plan on December 1, 2021, of which, 25% will vest on December 1, 2022, and the remainder of the RSUs will vest in 12 equal installments on each three month anniversary thereafter, subject to Mr. Alexander continuing as a Service Provider through each such date.
F2 Each RSU represents a contingent right to receive one share of Common Stock of the Issuer.
F3 Includes 7,905 shares received as a pro-rata in-kind distribution of Common Stock of the Issuer by Alta Partners Management VIII, LLC (APM VIII), without consideration, to the reporting person as a non-managing member of APM VIII.
F4 Shares withheld to satisfy the tax obligations by the Reporting Person in connection with the vesting of RSUs.
F5 The shares are held by Mr. Alexander and Stacey Lee Alexander, as Trustees of the Alexander 2018 Irrevocable Descendants' Trust.