Form 4: Aspen Technology Director Robert M. Whelan, Jr. Sells Shares

Director Robert M. Whelan, Jr. of Aspen Technology, Inc. sold a portion of his common stock holdings on August 28, 2024.

Summary

• On August 28, 2024, Robert M. Whelan, Jr., a director of Aspen Technology, Inc., sold shares of the company's common stock.
• The sales were executed in two separate transactions.
• In the first transaction, 785 shares were sold at a weighted average price of $218.99, with individual prices ranging from $218.34 to $219.33.
• The second transaction involved the sale of 215 shares at a weighted average price of $219.52, with individual prices ranging from $219.38 to $219.86.
• Following these transactions, Whelan directly owns 8,540 shares of Aspen Technology, Inc.
• The sales were reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of insider trading activity. It's common for directors and officers to periodically buy or sell shares of their company's stock.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates