John E. Kao - Mar 4, 2025 Form 4 Insider Report for Alignment Healthcare, Inc. (ALHC)

Signature
/s/ Christopher J. Joyce, as Attorney-in-Fact, for John E. Kao
Stock symbol
ALHC
Transactions as of
Mar 4, 2025
Transactions value $
-$8,614,693
Form type
4
Date filed
3/6/2025, 07:27 PM
Previous filing
Feb 12, 2025
Next filing
Mar 13, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALHC Common Stock Award $0 +2.54M +92.64% $0.00 5.29M Mar 4, 2025 Direct F1
transaction ALHC Common Stock Sale -$8.61M -555K -10.49% $15.53 4.73M Mar 6, 2025 Direct F2, F3
holding ALHC Common Stock 2.18M Mar 4, 2025 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock that were acquired upon the certification by the Compensation Committee of the Alignment Healthcare, Inc. Board of Directors of the achievement of the performance objectives under performance share units ("PSUs") granted on September 14, 2023. The PSUs were scheduled to vest only if and to the extent that certain performance objectives (health plan revenue growth percentage, at-risk returning member medical benefit ratio and adjusted EBITDA, less capital expenditures) met or exceeded specified targets. In the aggregate, the performance objectives were achieved above target. Fifty percent (50%) of the granted PSUs were fully vested on the reported date of acquisition and fifty percent (50%) will become vested on December 31, 2025, subject to the reporting person's continued service to the Company on such vesting date.
F2 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of PSUs. This transaction does not represent a discretionary trade by the reporting person.
F3 The reported price in column 4 is a weighted-average price. Shares were sold in multiple transactions at a per share price ranging from $15.12 to $16.065. The reporting person undertakes to provide to Alignment Healthcare, Inc., any security holder of Alignment Healthcare, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range.
F4 Represents securities held by JEK Trust, dated February 8, 2021, of which Mr. Kao is the trustee.