Overdorf Michael 4

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.