Desjarlais John R 4

What Happened John R. Desjarlais, Senior Vice President & Chief Scientific Officer of Xencor (XNCR), reported two open-market sales. He sold 4,118 shares on 2026-03-05 at $11.25 (proceeds reported $46,309) and 2,502 shares on 2026-03-06 at $11.02 (proceeds reported $27,571), for combined proceeds of $73,880. These sales were recorded as dispositions (S).

Key Details

• Transaction dates and prices:
  • 2026-03-05: 4,118 shares @ $11.25 (proceeds $46,309) — Footnote F1
  • 2026-03-06: 2,502 shares @ $11.02 (proceeds $27,571) — Footnote F2
• Total shares sold: 6,620; total proceeds reported: $73,880.
• Shares owned after the transactions: not specified in the information provided in this summary.
• Footnotes: F1 and F2 indicate these dispositions were sales made to pay withholding taxes upon vesting of restricted stock units (F1: related to 9,950 RSUs; F2: related to 6,908 RSUs).
• Filing: Form 4 was filed on 2026-03-09; the filing shows no indication of a late report.

Context These sales were tax-withholding dispositions tied to the vesting of RSUs, a common administrative action that does not necessarily reflect the insider’s view on the company’s prospects. Transaction code S denotes sale; the footnotes indicate the sales were to satisfy tax withholding obligations on vested awards rather than open-market investment decisions.