ALHCAlignment Healthcare, Inc. · Insider ownership research

Alignment Healthcare, Inc. insiders sold $108M in the past 12 months. How much of their stake is that?

Insiders sold $108M in the past 12 months.76% was sold under disclosed trading plans, 24% to cover taxes. The largest seller, John Kao (Chief Executive Officer, Director), sold $72.7M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026

1

buyer among officers and directors (1 trade), past 12 months

76%

of sales were under disclosed trading plans, past 12 months

9 of 19

officers and directors sold shares, past 12 months

Is this normal? More than usual: about 2.6x the 4-year average. 9 insiders sold; the average is 8 a year. Year by year

Latest filing: Filed Oct 7 for a sale on Oct 6. Hyong Kim sold 32K shares ($270K) to cover taxes on vesting stock. Filing

SEC ownership filings: 85 filed in the 12 months to Oct 13, 2026; 456 on record since Mar 26, 2021 · See the evidence

What stands out

Mark Kent bought 15K shares for $198K, first on Jun 2, 2026. These are the first by current officers or directors since Mar 14, 2024.Purchase, Jun 2, 2026

Outside holder GENERAL ATLANTIC, L.P., a 10% owner and not part of management, sold $413M of stock.Largest sale, Dec 12, 2025

A share of stake is shown for 0 of the 9 officers and directors who sold. 19 are left out

i

Left out: John Kao, Dawn Maroney, Joseph Konowiecki, Robert Scavo, Hyong Kim, Mark McClellan, Christopher Joyce, Jacqueline Kosecoff, Sebastian Burzacchi, Andreas Wagner, David Hodgson, Nicholas Vorhoff, Margaret McCarthy, Jody Bilney, Yon Jorden, James Head, Adnan Mansour, Mark Kent and Shane Hochradel (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

John Kao

Chief Executive Officer, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$72.7M81% planned, 19% to cover taxes

Dawn Maroney

President

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$24.7M68% planned, 32% to cover taxes

Joseph Konowiecki

EVP, Corporate Affairs, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$3.5M92% planned, 8% to cover taxes

Hyong Kim

Chief Medical Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$1.9M56% planned, 44% to cover taxes

Christopher Joyce

Chief Legal and Admin. Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$1.7M55% planned, 45% to cover taxes

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

Oct 6, 2026Hyong Kim sold 32K shares ($270K) to cover taxes on vesting stock.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Hyong Kim Chief Medical Officer	32,479	$8.30	n/a	n/a	Oct 6, 2026	Oct 7, 2026

Sep 17, 2026Joseph Konowiecki sold 24K shares ($202K) to cover taxes on vesting stock.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Joseph Konowiecki EVP, Corporate Affairs, Director	23,511	$8.61	n/a	n/a	Sep 17, 2026	Sep 18, 2026

Sep 14, 2026John Kao sold 27K shares ($356K) under a disclosed trading plan.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
John Kao Chief Executive Officer, Director	27,400	$13.00	n/a	n/a	Sep 14, 2026	Sep 16, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Outside holders, reported separately

GENERAL ATLANTIC, L.P. sold $413M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Common questions

Is the Alignment Healthcare, Inc. CEO selling stock?

Yes. John Kao sold 4.07M shares ($72.7M) in the past 12 months, 81% of it under a trading plan disclosed in the filings.

Why are Alignment Healthcare, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 76% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 24% were to cover taxes. A trading plan schedules sales in advance.

Are any Alignment Healthcare, Inc. insiders buying?

Yes. 1 officer or director reported 1 purchase in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold9 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
John Kao Chief Executive Officer, Director	$72.7M 4.07M shares	Not confirmed share of stake is being verified. Why	81% under a disclosed plan, 19% to cover taxes
Dawn Maroney President	$24.7M 1.29M shares	Not confirmed share of stake is being verified. Why	68% under a disclosed plan, 32% to cover taxes
Joseph Konowiecki EVP, Corporate Affairs, Director	$3.5M 178K shares	Not confirmed share of stake is being verified. Why	92% under a disclosed plan, 8% to cover taxes
Hyong Kim Chief Medical Officer	$1.9M 116K shares	Not confirmed share of stake is being verified. Why	56% under a disclosed plan, 44% to cover taxes
Christopher Joyce Chief Legal and Admin. Officer	$1.7M 90K shares	Not confirmed share of stake is being verified. Why	55% under a disclosed plan, 45% to cover taxes
Robert Scavo Chief Information Officer	$1.6M 85K shares	Not confirmed share of stake is being verified. Why	To cover taxes
Andreas Wagner Chief Human Resources Officer	$1.3M 67K shares	Not confirmed share of stake is being verified. Why	64% under a disclosed plan, 36% to cover taxes
Sebastian Burzacchi COO - Mgmt Services Org	$516K 28K shares	Not confirmed share of stake is being verified. Why	To cover taxes
James Head Chief Financial Officer	$234K 11K shares	Not confirmed share of stake is being verified. Why	To cover taxes

Outside holder, reported separately: GENERAL ATLANTIC, L.P. (a 10% owner, not part of management). Sold $413M (22.24M shares) from Dec 12, 2025 to Dec 12, 2025. Latest filing

The full ownership picture0 of 19 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider	Held Oct 13, 2025	Sold	Held Oct 13, 2026	Still held
John Kao ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Kao are complete. Chief Executive Officer, Director	n/a	−4.07M	n/a	n/a
Vesting, gifts, unvested awards and holding lines for John Kao Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Kao are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Dawn Maroney ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Dawn Maroney are complete. President	n/a	−1.29M	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Dawn Maroney Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Dawn Maroney are complete; balances and unit counts will be added when the check is finished. −26Kgifted (net of own trusts)
Joseph Konowiecki ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Joseph Konowiecki are complete. EVP, Corporate Affairs, Director	n/a	−178K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Joseph Konowiecki Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Joseph Konowiecki are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Robert Scavo ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Robert Scavo are complete. Chief Information Officer	n/a	−85K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Robert Scavo Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Scavo are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Hyong Kim ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Hyong Kim are complete. Chief Medical Officer	n/a	−116K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Hyong Kim Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Hyong Kim are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Mark McClellan ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark McClellan are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Mark McClellan Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark McClellan are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Christopher Joyce ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christopher Joyce are complete. Chief Legal and Admin. Officer	n/a	−90K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Christopher Joyce Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christopher Joyce are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Jacqueline Kosecoff ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jacqueline Kosecoff are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Jacqueline Kosecoff Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jacqueline Kosecoff are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Sebastian Burzacchi ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sebastian Burzacchi are complete. COO - Mgmt Services Org	n/a	−28K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Sebastian Burzacchi Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sebastian Burzacchi are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Andreas Wagner ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andreas Wagner are complete. Chief Human Resources Officer	n/a	−67K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Andreas Wagner Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andreas Wagner are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
David Hodgson ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Hodgson are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for David Hodgson Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Hodgson are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Nicholas Vorhoff ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Nicholas Vorhoff are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Nicholas Vorhoff Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Nicholas Vorhoff are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Margaret McCarthy ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Margaret McCarthy are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Margaret McCarthy Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Margaret McCarthy are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Jody Bilney ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jody Bilney are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Jody Bilney Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jody Bilney are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Yon Jorden ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Yon Jorden are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Yon Jorden Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Yon Jorden are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
James Head ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Head are complete. Chief Financial Officer	n/a	−11K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for James Head Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Head are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Adnan Mansour ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Adnan Mansour are complete. Chief Digital Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Adnan Mansour Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Adnan Mansour are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Mark Kent ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Kent are complete. President - MSO	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Mark Kent Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Kent are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Shane Hochradel ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Shane Hochradel are complete. Chief Operations Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Shane Hochradel Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Shane Hochradel are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)

Holdings and share of stake for Alignment Healthcare, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$108M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $108M across 5,936,615 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $81.9M · 76%

24%

The lighter segment is sales with no plan disclosed in the filing ($26.2M), including tax-related sales outside a plan.

Taxes

$31.3M of sales (28.9%) cite tax obligations in their footnotes, $5.1M of them also under a plan. Example: Hyong Kim, Oct 6, 2026

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 3 purchase trades.

Charitable gifts · 20K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
John Kao Chief Executive Officer, Director	4.07M	$72.7M	81%	67%	Nov 10, 2025 to Sep 14, 2026
Dawn Maroney President	1.29M	$24.7M	68%	23%	Dec 12, 2025 to Sep 11, 2026
Joseph Konowiecki EVP, Corporate Affairs, Director	178K	$3.5M	92%	3%	Oct 28, 2025 to Sep 17, 2026
Hyong Kim Chief Medical Officer	116K	$1.9M	56%	2%	Dec 29, 2025 to Oct 6, 2026
Christopher Joyce Chief Legal and Admin. Officer	90K	$1.7M	55%	2%	Dec 8, 2025 to Apr 1, 2026
Robert Scavo Chief Information Officer	85K	$1.6M	0%	1%	Dec 29, 2025 to Mar 18, 2026
Andreas Wagner Chief Human Resources Officer	67K	$1.3M	64%	1%	Feb 10, 2026 to Mar 19, 2026
Sebastian Burzacchi COO - Mgmt Services Org	28K	$516K	0%	0.5%	Dec 10, 2025 to Mar 18, 2026
James Head Chief Financial Officer	11K	$234K	0%	0.2%	Apr 7, 2026 to Apr 7, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$450K	$450K	$0	$0
Nov 2025	$3.5M	$3.4M	$80K	$0
Dec 2025	$25.1M	$6.4M	$18.7M	$0
Jan 2026	$11.9M	$11.9M	$0	$0
Feb 2026	$4.8M	$4.3M	$455K	$0
Mar 2026	$11.3M	$6.7M	$4.6M	$0
Apr 2026	$12.6M	$12.4M	$234K	$0
May 2026	$5.5M	$5.5M	$0	$0
Jun 2026	$9.0M	$9.0M	$0	$0
Jul 2026	$10.2M	$10.2M	$0	$0
Aug 2026	$4.2M	$4.2M	$0	$0
Sep 2026	$9.2M	$7.5M	$1.8M	$0
Oct 2026	$270K	$0	$270K	$0

Is this normal? Selling year by year4 earlier years to compare with

More than usual: about 2.6x the 4-year average. 9 insiders sold; the average is 8 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 13, 2026 Latest 12 months	5.94M	9	$108M
Oct 13, 2025 1 year earlier	5.32M	10	$82.4M
Oct 13, 2024 2 years earlier	1.20M	9	$11.5M
Oct 14, 2023 3 years earlier	403K	6	$4.1M
Oct 14, 2022 4 years earlier	2.35M	9	$40.3M
Oct 14, 2021 5 years earlier · filings don't cover the whole year	398K	7	$7.1M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty19 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Alignment Healthcare, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology456 filings on record, 85 filed in the 12-month period, and how we read them

All 456 Forms 3, 4 and 5 on record for Alignment Healthcare, Inc. (SEC CIK 1832466), filed from Mar 26, 2021 to Oct 7, 2026; 85 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (11)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Robert Freeman	Mar 28, 2025	1,841,264 shares, last reported balance as of Mar 27, 2025
Hakan Kardes	Mar 28, 2025	678,987 shares, last reported balance as of Mar 27, 2025
Jeffrey Margolis	Aug 16, 2024	1,845,237 shares, last reported balance as of Aug 14, 2024
Thomas Carella	Mar 15, 2024	157,811 shares, last reported balance as of Mar 13, 2024
Donald Furman	Aug 22, 2023	1,533,399 shares, last reported balance as of Aug 15, 2023
Melinda Kimbro	Jul 7, 2023	175,439 shares, last reported balance as of Jul 5, 2023
Dinesh Kumar	Mar 31, 2023	3,259,533 shares, last reported balance as of Mar 29, 2023
Richard Cross	Mar 31, 2023	643,310 shares, last reported balance as of Mar 29, 2023
WARBURG PINCUS LLC	Sep 20, 2022	17,922,779 shares, last reported balance as of Sep 20, 2022
Rajesh Shrestha	Apr 1, 2022	354,664 shares, last reported balance as of Mar 31, 2022
Michael Foster	Apr 8, 2021	2,214,541 shares, last reported balance as of Apr 6, 2021

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.