Machado Patrick 4
Research Summary
AI-generated summary
Alumis (ALMS) Director Patrick Machado Receives Equity Awards
What Happened
Patrick Machado, a director of Alumis, was granted two equity awards on June 30, 2026: 3,553 restricted stock units (RSUs) and a derivative award covering 15,528 shares (an option-style award). Both grants show an acquisition price of $0.00, so there was no cash outlay by Machado at grant; the total number of shares involved is 19,081 and reported value at grant is $0.
Key Details
- Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (timely filed).
- Awards: 3,553 RSUs (footnote F1) and 15,528 derivative/option shares (footnote F3). Reported price: $0.00 for both.
- Vesting: RSUs vest on the first anniversary of grant, but will be fully vested by the issuer’s 2027 annual meeting subject to continuous service; the derivative award has similar vesting (first anniversary / fully vested by 2027 meeting). Both awards vest in full upon a Change in Control, subject to continued service.
- Holdings after transaction: Not specified in the provided excerpt; filing notes shares held by the Patrick Machado Revocable Trust for which he is trustee (footnote F2).
- Filing timeliness: Filed July 2, 2026 for a June 30, 2026 grant — appears timely under Form 4 rules.
Context
- The 15,528-share derivative is an option-style award (not an exercise); no shares were exercised or sold in this filing. RSUs convert to common shares upon vesting, and options deliver shares if/when exercised per their vesting schedule.
- These are compensation grants (routine insider awards) rather than open-market purchases or sales; such awards signal management/company compensation decisions but do not, by themselves, indicate the insider is buying or selling stock in the market.