Insider Trading March 19, 2026

Alignment Healthcare CIO Sells $201K of Stock to Cover RSU Taxes

Robert Scavo disposed of 11,285 shares on March 18, 2026; company posts strong Q4 metrics and a General Atlantic secondary offering is underway

By Jordan Park ALHC
Alignment Healthcare CIO Sells $201K of Stock to Cover RSU Taxes
ALHC

Alignment Healthcare Chief Information Officer Robert L. Scavo sold 11,285 shares on March 18, 2026 at a weighted-average price of $17.84, raising $201,324 to satisfy tax withholding tied to vested restricted stock units. The sale was non-discretionary. The company recently reported robust fourth-quarter growth and faces a 13.2 million share secondary offering by an affiliate of General Atlantic.

Key Points

  • CIO Robert L. Scavo sold 11,285 shares on March 18, 2026 at a weighted-average price of $17.84, totaling $201,324; sale was to cover tax withholding tied to vested RSUs and was not discretionary - impacts corporate insiders and equity holdings.
  • Alignment Healthcare reported strong fourth-quarter results with ~44.4% revenue growth, ~25% membership growth, an MBR of 87.7%, and SG&A ratio improvement of ~115 basis points to 9.7% - impacts healthcare services and insurance markets.
  • An affiliate of General Atlantic is offering 13.2 million shares at $19.46 each in a secondary sale from which the company will receive no proceeds; the offering was expected to close on March 4, 2026 with J.P. Morgan as underwriter - impacts equity supply and investor liquidity.

Transaction details

Alignment Healthcare (NASDAQ:ALHC) Chief Information Officer Robert L. Scavo executed a sale of 11,285 shares of common stock on March 18, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares moved at a weighted-average price of $17.84, producing total proceeds of $201,324. The reported sale prices ranged between $17.40 and $18.24 per share.

Following the transaction, Scavo directly holds 487,685 shares of Alignment Healthcare. Company filings indicate the disposition was carried out to cover tax withholding obligations associated with the vesting of restricted stock units and was not a discretionary sale.


Market snapshot

At the time of the filing, Alignment Healthcare shares were trading at $18.16 and the company’s market capitalization was listed at $3.76 billion.


Analyst and proprietary research notes

Analysis available via InvestingPro characterized the stock as appearing undervalued at prevailing levels and included a fiscal 2026 EPS forecast of $0.46. The same platform referenced Pro Research Reports covering ALHC among a broader US equity universe. Those assessments and reports are presented as informational resources for investors.


Recent company performance

Alignment Healthcare’s most recent fourth-quarter financials showed notable top-line and membership expansion. The company reported roughly 44.4% year-over-year revenue growth and approximately 25% growth in membership. In the quarter, the medical benefit ratio (MBR) was reported at 87.7%, and the selling, general, and administrative (SG&A) expense ratio improved by about 115 basis points to 9.7%.

Following those results, Raymond James maintained a Strong Buy rating with a $27.00 price target, while Piper Sandler kept an Overweight rating and a $30.00 price target.


Secondary offering by General Atlantic affiliate

Separately, Alignment Healthcare disclosed a secondary offering of 13.2 million shares by an affiliate of General Atlantic, L.P., priced at $19.46 per share. The company clarified that it will not receive any proceeds from this transaction because the offering is being conducted by the selling stockholder. The offering was expected to close on March 4, 2026, with J.P. Morgan acting as underwriter.


Context and closing

Taken together, the insider sale to meet tax obligations, recent financial results, analyst ratings, and the selling-stockholder secondary offering form the immediate set of disclosures and market-moving items around Alignment Healthcare. Each item is reported from company filings, analyst notes, and regulatory forms filed with the SEC.

Risks

  • The secondary offering of 13.2 million shares by a selling stockholder increases available float and could exert downward pressure on the stock - impacts equity markets and investor sentiment.
  • Insider sales, even when reported as tax-withholding related, may be viewed by some market participants as an uncertainty around near-term insider ownership trends - impacts perception in corporate governance and investor relations.
  • Analyst forecasts and proprietary valuations (such as the InvestingPro view of undervaluation and the $0.46 EPS forecast for fiscal 2026) are forward-looking estimates and carry execution and modeling risk - impacts investors relying on earnings projections and valuation models.

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