Form 4: Anterix CFO Timothy Gray Executes Stock Option Plan, Sells Shares
SEC Form 4 Filing
Anterix Inc. CFO Timothy Gray exercised stock options and sold shares between May 1st and May 3rd, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Timothy Gray, the Chief Financial Officer of Anterix Inc., executed a series of transactions involving Anterix common stock between May 1st and May 3rd, 2024.
- These transactions involved the exercise of stock options granted on May 14, 2014, and the subsequent sale of the acquired shares.
- The exercises and sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 30, 2023.
- On May 1st, 2024, Gray exercised options for 16,667 shares at a price of $20 and sold 13,873 shares at an average price of $32.01 and 2,794 shares at an average price of $32.53.
- On May 2nd, 2024, Gray exercised options for 16,667 shares at a price of $20 and sold 16,667 shares at an average price of $31.91.
- On May 3rd, 2024, Gray exercised options for 16,666 shares at a price of $20 and sold 16,666 shares at an average price of $32.26.
- Following these transactions, Gray directly owns 90,475 shares of Anterix Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company executive under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 2014-05-14 | Date of grant for the stock options that were exercised. |
| 2023-11-30 | Date the Rule 10b5-1 trading plan was adopted. |
| 2024-05-01 | First transaction date: Exercise of options and sale of shares. |
| 2024-05-02 | Second transaction date: Exercise of options and sale of shares. |
| 2024-05-03 | Third transaction date: Exercise of options and sale of shares. |
| 2024-05-14 | Expiration date of the stock options. |
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