Dahiyat Bassil I 4

What Happened
Dahiyat Bassil I, President & CEO and a director of Xencor (XNCR), sold a total of 21,476 shares in two open-market transactions. On 2026-03-05 he sold 14,870 shares at $11.25 each for $167,221, and on 2026-03-06 he sold 6,606 shares at $11.02 each for $72,796 — total proceeds ≈ $240,017. The filing’s footnotes indicate these dispositions were made to pay withholding taxes related to the vesting of restricted stock units.

Key Details

• Transactions: Sales (Code S) on 2026-03-05 and 2026-03-06.
• Prices & amounts: 14,870 @ $11.25 = $167,221; 6,606 @ $11.02 = $72,796; total ≈ $240,017.
• Footnotes: F1 — sale to cover withholding on 36,581 RSUs; F2 — sale to cover withholding on 18,179 RSUs.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing date: 2026-03-09 (reported timely under Form 4 reporting rules).

Context
Sales to cover tax withholding on vested restricted stock units are common and generally considered routine, rather than a direct signal about the insider’s view on the company’s near-term prospects. For retail investors tracking insider activity, purchases or new grants/awards usually carry more informational weight than routine tax-withholding sales.