Form 4: Applied Optoelectronics Director Sells 10,000 Shares Under 10b5-1 Plan

Richard B. Black, a director at Applied Optoelectronics, sold 10,000 shares of common stock at an average price of $28.9951 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Richard B. Black, a director of Applied Optoelectronics, sold 10,000 shares of the company's common stock.
• The sale occurred on January 15, 2025, at a weighted average price of $28.9951 per share.
• The shares were sold through The Richard B. Black Revocable Trust.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 13, 2024.
• The actual sale prices ranged from $28.6 to $29.37 per share.
• Following the transaction, Mr. Black indirectly owns 157,813 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale by a director under a pre-arranged plan, which is neither positive nor negative for the company's prospects.

Industry Context

This is a routine disclosure of an insider stock sale, which is common for publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any recent non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to avoid accusations of trading on non-public information.
• Similar filings are common across all publicly traded companies, including competitors in the optoelectronics industry.
• The sale of 10,000 shares is not unusual for a director and is not a significant percentage of the total shares outstanding.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, or suppliers.

Key Dates

Keywords

insider trading, Form 4, stock sale, Rule 10b5-1, Applied Optoelectronics, AAOI, director, Richard B. Black