Alignment Healthcare CEO files Form 4 for 180,000-share sale

Rhea-AI Filing Summary

Alignment Healthcare (ALHC) — insider transaction: CEO and director John E. Kao, via the JEK Trust, sold 180,000 shares of common stock on 11/10/2025 at a weighted-average price of $16.3154. The sale was made under a Rule 10b5-1 trading plan adopted on 03/12/2025.

After the transaction, Mr. Kao beneficially owns 2,526,726 shares indirectly through the JEK Trust and 2,839,942 shares directly.

Insights

Insider transactions & governance analyst

Routine 10b5-1 plan sale; ownership remains substantial.

John E. Kao reported selling 180,000 ALHC shares at a weighted-average price of $16.3154 on 11/10/2025. The filing states the sale was executed pursuant to a Rule 10b5-1 plan adopted on 03/12/2025, indicating a pre-set trading schedule.

Following the sale, reported holdings are 2,526,726 shares indirectly (JEK Trust) and 2,839,942 shares directly. The price range disclosure ($16.01–$16.54) and undertaking to provide trade-level detail align with common Form 4 practices.

The event appears administrative in nature. Actual impact depends on broader ownership context and future disclosures in periodic filings.

Insider Trade Summary

Net Seller: 180,000 shares ($2,936,772)

Net Sell 2 txns

Insider KAO JOHN E

Role Chief Executive Officer

Sold 180,000 shs ($2.94M)

Type	Security	Shares	Price	Value
Sale	Common Stock	180,000	$16.3154	$2.94M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,526,726 shares (Indirect, See Footnote); Common Stock — 2,839,942 shares (Direct)

Footnotes (1)

1. Date of Rule 10b5-1 plan adoption: 03/12/2025 The reported price in column 4 is a weighted-average price. Shares were sold in multiple transactions at a per share price ranging from $16.01 to $16.54. 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. Represents securities held by JEK Trust, dated February 8, 2021, of which Mr. Kao is the trustee.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAO JOHN E

(Last) (First) (Middle)

1100 W. TOWN & COUNTRY RD., SUITE 1600

(Street)

ORANGE CA 92868

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alignment Healthcare, Inc. [ ALHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/10/2025		S(1)		180,000	D	$16.3154(2)	2,526,726	I	See Footnote(3)
Common Stock								2,839,942	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Date of Rule 10b5-1 plan adoption: 03/12/2025

2. The reported price in column 4 is a weighted-average price. Shares were sold in multiple transactions at a per share price ranging from $16.01 to $16.54. 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.

3. Represents securities held by JEK Trust, dated February 8, 2021, of which Mr. Kao is the trustee.

Remarks:

	/s/ Christopher J. Joyce, as Attorney-in-Fact, for John E. Kao	11/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ALHC’s CEO report on Form 4?

John E. Kao reported selling 180,000 shares of Alignment Healthcare common stock on 11/10/2025.

At what price were the ALHC shares sold?

The weighted-average sale price was $16.3154, with individual trades ranging from $16.01 to $16.54.

Was the ALHC insider sale under a Rule 10b5-1 plan?

Yes. The sale was made under a Rule 10b5-1 plan adopted on 03/12/2025.

How many ALHC shares does John E. Kao hold after the sale?

He reports 2,526,726 shares indirectly via the JEK Trust and 2,839,942 shares directly.

What roles does John E. Kao hold at ALHC?

He is listed as a Director and Chief Executive Officer.