Overdorf Michael 4
4 · Annexon, Inc. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Annexon (ANNX) EVP Michael Overdorf Receives Equity Awards
What Happened
Michael Overdorf, Annexon’s EVP & Chief Business Officer, received equity awards on February 19, 2026: 62,500 restricted stock units (RSUs) and a 250,000-share derivative award (granted at $0). These were reported on a Form 4 filed February 23, 2026. The awards are compensation grants, not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the standard 2-business-day window).
- Awards: 62,500 RSUs (acquired at $0) and 250,000 derivative/option-style shares (acquired at $0).
- Vesting (footnotes): RSUs vest 1/3 annually on Feb 19 starting Feb 19, 2027 (F1). The 250,000 award vests monthly at 1/48th beginning Feb 19, 2026 and fully vests on the fourth anniversary, subject to continuous service (F2).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- No immediate exercise or sale reported—these are grants, not exercises or dispositions.
Context
These grants are typical long-term incentive compensation tied to continued service and vesting schedules; they do not represent an open-market purchase or a sale that signals immediate insider sentiment. The 0 price reflects a grant/award structure (RSUs and option-style equity) rather than a cash transaction.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-19+62,500→ 186,964 total - Award
Stock Option (Right to Buy)
[F2]2026-02-19+250,000→ 250,000 totalExercise: $5.10Exp: 2036-02-19→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]Constitute restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of Common Stock for each RSU upon vesting. 1/3rd of the RSUs vest annually on February 19 of each year, with the first 1/3rd vesting on February 19, 2027, subject to Reporting Person's continuous service with the Issuer as of each such vesting date.
- [F2]1/48th of the shares subject to the option vest on each monthly anniversary measured from February 19, 2026 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, subject to Reporting Person's continuous service with the Issuer as of each such vesting date.