Deshaies Raymond Joseph 4

What Happened
Deshaies Raymond Joseph, a director of Xencor, was granted two awards on June 16, 2026: 10,302 restricted stock units (RSUs) and a derivative award covering 20,604 shares. Both grants are reported at $0.00 on the Form 4 (i.e., no cash paid at grant). These are compensation awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: June 16, 2026. Form 4 filed July 8, 2026 (appears to be a late filing relative to the typical two-business-day rule).
• Grant 1: 10,302 shares @ $0.00 — restricted stock units (RSUs). Footnote F1: RSUs vest in full on the first anniversary of the grant (June 16, 2027).
• Grant 2 (derivative): 20,604 shares @ $0.00 — option-based award. Footnote F2: these optioned shares vest in equal monthly installments over one year starting on the one‑month anniversary (beginning July 16, 2026) and fully vest on June 16, 2027.
• Shares owned after the transaction: not specified in the provided filing.
• No exercise or sale occurred as part of these transactions.

Context
These are standard director compensation grants that vest over time; RSUs convert to shares only when vested, and the option-style award vests monthly over a year, so the insider does not gain immediately tradable shares. Because this was a grant rather than a purchase, it signals compensation, not a direct buy or sell decision. The filing date is later than the transaction date, which may affect timely public disclosure.