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Alignment Healthcare, Inc. [ALHC]

Reporting date: 10/08/2025

⚠️ Neutral Insider Sale Detected

📝 What Happened

  • Insider: Kim Hyong
  • Role: Chief Medical Officer (Officer)
  • Company: Alignment Healthcare, Inc. (ALHC)
  • Transaction Date(s): 2025-10-08, 2025-10-09
  • Table I (Non-Derivative Securities)
    • Sale : 85,034 shares
    • Average Sale Price: $17.46
    • Total Value: $1,484,691
    • Post-Transaction Direct Holdings: 362,333 shares
    • Indirect Holdings: None reported
    • 10b5-1 Plan Used? Yes (footnote indicates plan adoption on 03/14/2025)

📄 Summary

Kim Hyong, Chief Medical Officer at Alignment Healthcare, Inc. (ALHC), sold 85,034 shares on October 8, 2025 and October 9, 2025, at an average price of $17.46, realizing proceeds of about ~$1,484,691. After the transaction, he/she/they now holds/hold 362,333 direct shares; no indirect holdings. For retail traders, this is a neutral-to-slightly bearish event: largely plan- and tax-related selling, not an obvious signal of negative firm-specific news.

🔑 Interpretation

  • Type: Comp-related (RSU withholding + 10b5-1 plan); footnote states sales to cover tax withholding and a 10b5-1 plan adoption date is provided.
  • Disposition: Shares were sold (transaction code S) under a plan/for tax withholding rather than an opportunistic discretionary sell.
  • Size Context: The insider sold 85,034 shares, which is roughly ~19% of the pre-sale holding (~447,367 shares). This is a meaningful amount but consistent with tax-withholding and plan-driven dispositions rather than large-scale profit-taking by a top executive.
  • ATH Metric: The sales executed around an average price of ~$17.46. Without live retrieval of historical ATH/ATL values here, this trade does not appear to be timed at an obvious historical extreme based on the transaction prices; it looks like routine plan execution rather than opportunistic selling at a clear all-time high or defensive selling near a low.
  • Outlier Check: Not unusually large versus the insider’s reported holdings (final direct holdings remain substantial). Footnotes indicate non-discretionary context, so this is not an unusual discretionary dump.

📊 Bullish or Bearish?

Decide: Neutral

Neutral. The filing shows net sales executed under a 10b5-1 plan and to cover tax withholding (codes and footnotes), which reduces the bearish signal strength — holdings remain sizable after the sales and the activity appears plan-driven rather than discretionary panic selling. Data completeness is good for this filing, but cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine tax- and plan-related sales rather than a clear bearish signal. For retail traders, it’s noise, not a tradeable event — not worth short-/mid-term action unless corroborated by sizable, coordinated sales from multiple senior insiders.