RANIERI RICHARD J 4

What Happened

• Richard J. Ranieri, a director of Xencor, was granted a total of 30,906 shares as equity awards on June 16, 2026. That consists of 10,302 restricted stock units (RSUs) and 20,604 shares tied to a derivative award (an option-like award). Both grants were reported at $0.00 per share (no cash paid).

Key Details

• Transaction date: 2026-06-16; grant price: $0.00 for both awards.
• Shares granted: 10,302 RSUs (F1) + 20,604 derivative shares (F2) = 30,906 total.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Vesting notes:
  • F1: The 10,302 RSUs fully vest on the first anniversary of the grant (June 16, 2027).
  • F2: The 20,604 derivative shares vest in equal monthly installments over one year beginning on the one-month anniversary of June 16, 2026 (monthly from July 16, 2026 through June 16, 2027).
• Filing timeliness: Form 4 was filed on 2026-07-08 for a 2026-06-16 grant (the filing appears late relative to the transaction date).

Context

• These were equity awards (not open-market purchases or sales). Grants reported at $0 reflect typical compensation awards (RSUs and option-style grants) rather than a cash purchase.
• For retail investors, award grants are common for directors as compensation and do not by themselves indicate immediate buying or selling intent. The derivative award vests over time, so any future sales would depend on vesting and any subsequent disclosures.