Overdorf Michael 4

What Happened Michael Overdorf, EVP & Chief Business Officer of Annexon, sold 6,225 shares in an open-market/private transaction on 2026-02-18. The weighted average sale price was $5.10 per share for total reported proceeds of $31,747. The sale was done to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), a routine administrative transaction.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely).
• Shares sold: 6,225 at a weighted average price of $5.10; total proceeds reported $31,747.
• Price range: trades executed at prices between $4.93 and $5.16; weighted average shown on the form. The reporting person can provide a breakdown of the number of shares sold at each price upon request (per footnote).
• Reason: Sale executed to cover tax withholding for vested RSUs (footnote).
• Shares owned after the transaction: not specified in the information provided in this summary (see the Form 4 for full holdings disclosure).

Context This was a sale to cover tax obligations on vested RSUs — a common, routine insider transaction that does not necessarily indicate a change in sentiment. Purchases tend to be more informative about insider confidence; sales for tax withholding are administrative. The filing appears timely (reported within the usual two-business-day Form 4 window).