Carson William H. 4

What Happened William H. Carson, a director of Annexon, was granted a derivative award on June 11, 2026 covering 65,000 shares. The reported grant price is $0.00, so there is no immediate cash value reported for the award itself. This was a grant/award (not a purchase or sale).

Key Details

• Transaction date: 2026-06-11; Filing date: 2026-06-15 (reported via SEC Form 4, accession 0001824280-26-000005).
• Transaction type: Award/Grant of a derivative (code A) for 65,000 shares at $0.00. Reported immediate value: $0.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The award vests and becomes exercisable 100% on the earlier of (i) the first anniversary of June 11, 2026, or (ii) the next Annual Meeting following June 11, 2026, provided Carson remains continuously serving as a director. (See footnote F1.)
• No indication in the filing of exercise, sale, tax withholding, or a 10b5-1 plan.

Context This is a typical director equity grant (a derivative award) meant to compensate or incentivize continued service; it is neither an outright purchase nor a sale. The vesting schedule means the award is contingent on continued service through the vesting date before becoming exercisable. Retail investors should view grants as routine corporate compensation rather than a direct bullish/bearish signal.