The 10b5-1 plan context reduces signaling value — this is pre-arranged selling, not opportunistic. However, the pace (4 sales in ~3 weeks for ~100K shares) is elevated for a director. Monitor for any additional Form 4 filings or stepped-up sales outside the plan that could indicate a change in insider sentiment.
Price Chart
Executive Summary
Director Joseph Konowiecki filed a Form 144 to sell 25,000 shares of ALHC, intending to execute the sale on or about July 1, 2026 with an estimated market value of $600,000. This sale appears to be part of his ongoing pre-planned 10b5-1 trading program, as three prior sales of similar size occurred in the preceding weeks, totaling 75,000 shares and over $1.6M. While the absolute size is modest relative to ALHC's $4.9B market cap, the pattern of consistent director-level selling in a concentrated timeframe warrants modest attention.
Key Facts
- Joseph Konowiecki, a Director, filed Form 144 to sell 25,000 shares of ALHC common stock.
- Estimated aggregate market value of the proposed sale is $600,000.
- The sale is pursuant to a 10b5-1 trading plan adopted on or before the filing.
- Konowiecki has already sold 75,000 shares in three separate transactions (June 11, June 18, June 26) totaling ~$1.675M in proceeds.
- Proposed sale date is July 1, 2026; shares to be sold through Merrill Lynch on NASDAQ.
- The shares being sold were originally acquired on October 6, 2014 via a stock bonus (75,000 shares) that vested on the grant date.
Financial Impact
Director selling 25,000 of his 75,000 vested bonus shares for approx. $600K; combined with three prior sales in June, total recent director sales ~100K shares or ~$2.3M.
Risk Factors
- Continued insider selling could weigh on sentiment, particularly if other officers or directors join the selling pattern.
- Director selling 100% of vested shares from the 2014 bonus grant could suggest a desire to de-risk personal exposure to the stock.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-046374 |
| Document: 0001628280-26-046374-index.html | 0001628280-26-046374 |
| Document: 0001628280-26-046374.txt | 0001628280-26-046374 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $8.44 $8.43 | ▼ −0.12% | ▲ +1.06% | $7.93 (−6.04%) |
Oct 19, 2026 8d ago | Press Release | $8.40 $8.51 | ▲ +1.31% | ▲ +0.97% | $7.93 (−5.60%) |
Oct 8, 2026 18d ago | 8-K | $7.55 $8.09 | ▼ −7.22% | ▼ −7.28% | $7.93 (−5.10%) |
Oct 5, 2026 22d ago | SC 13G/A | $8.50 $8.37 | ▼ −1.53% | ▼ −2.08% | $7.93 (−6.71%) |
Sep 18, 2026 5w ago | Insider Cluster | $8.33 $7.99 | ▲ +4.08% | ▲ +4.07% | $7.93 (+4.80%) |
Sep 16, 2026 5w ago | Insider Cluster | $8.70 $8.35 | ▲ +4.02% | ▲ +3.90% | $7.93 (+8.85%) |
Sep 16, 2026 5w ago | 144 | $8.70 $8.35 | ▼ −4.02% | ▼ −3.90% | $7.93 (−8.85%) |
Sep 11, 2026 6w ago | Insider Cluster | $12.94 $10.37 | ▲ +19.86% | ▲ +19.40% | $7.93 (+38.72%) |
Sep 9, 2026 6w ago | 144 | $12.76 $12.61 | ▼ −1.18% | ▼ −2.03% | $7.93 (−37.85%) |
Aug 5, 2026 11w ago | Institutional Cluster | $13.38 $14.37 | ▲ +7.40% | ▲ +6.79% | $7.93 (−40.73%) |
US Market Status
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