Pangali Sanam 4

What Happened
Sanam Pangali, Chief Legal Officer of Alumis (ALMS), exercised stock options and sold shares on July 6, 2026. The filing shows Pangali exercised options to acquire 5,000 shares at $5.06 per share (total cost $25,300) and, the same day, sold 5,000 shares in an open-market transaction at $28.00 per share (gross proceeds $140,000). The report also records a related derivative conversion of 5,000 shares at $0.00, reflecting the option conversion/settlement.

Key Details

• Transaction date: 2026-07-06 (Form 4 filed 2026-07-08). Filing appears timely (filed two days after the transactions).
• Exercise: 5,000 shares acquired at $5.06 each — total cost $25,300.
• Sale: 5,000 shares sold at $28.00 each — gross proceeds $140,000.
• Derivative entry: 5,000 shares listed as disposed at $0.00 (represents option conversion).
• Shares owned after transaction: not specified in the provided details.
• Footnote (F1): Option vesting — 25% vested Feb 18, 2026; remaining shares vest monthly over the following 36 months, subject to continued service and possible acceleration.

Context
This sequence (exercise of options followed by an immediate open-market sale of the same number of shares) is a common cashless-exercise pattern: the insider converts options into shares and then sells shares, often to cover exercise costs, taxes, or diversify. The filing is factual and does not state the insider’s motivation.