ERIC THOMAS SCHMIDT - 14 Mar 2023 Form 4 Insider Report for Allogene Therapeutics, Inc. (ALLO)

Signature
Veer Bhavnagri, Attorney-in-Fact
Issuer symbol
ALLO
Transactions as of
14 Mar 2023
Net transactions value
-$196,258
Form type
4
Filing time
16 Mar 2023, 17:08:11 UTC
Previous filing
20 Dec 2022
Next filing
24 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALLO Common Stock Tax liability $196,258 -35,879 -11% $5.47 304,345 14 Mar 2023 Direct F1, F2, F3
holding ALLO Common Stock 1,152,595 14 Mar 2023 Eric Schmidt 2017 Family Irrevocable Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.46 to $5.495, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 Includes 320 and 2000 share of the Issuer's common stock acquired by the reporting person on September 15, 2021 and on March 15, 2023 pursuant to an employee stock purchase program, respectively.
F4 The securities are held in the name of the Eric Schmidt 2017 Family Irrevocable Trust.