Form 4: AudioCodes CFO Sells Shares Under 10b5-1 Plan
Statement of Changes in Beneficial Ownership
AudioCodes Ltd. CFO Niran Baruch sold shares of common stock totaling 3,750 shares on May 5th and 6th, 2026, under a pre-arranged trading plan.
Summary
- Niran Baruch, Chief Financial Officer of AudioCodes Ltd. (AUDC), reported the sale of 1,875 ordinary shares on May 5, 2026, and an additional 1,875 ordinary shares on May 6, 2026.
- These transactions were executed under a Rule 10b5-1 trading plan adopted by Mr. Baruch on August 28, 2025.
- The sales occurred at weighted average prices of $8.5667 and $8.5209 per share, respectively.
- Following these transactions, Mr. Baruch beneficially owns 108,750 ordinary shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as the sales were conducted under a pre-established 10b5-1 plan, indicating a planned transaction rather than a reaction to new information.
Negatives
- The Chief Financial Officer of AudioCodes Ltd. has sold a total of 3,750 shares of common stock.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Management Comments
- The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2025.
- The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request.
Industry Context
StockSavvy.ai notes that insider sales, particularly when executed under a Rule 10b5-1 plan, are common and often reflect pre-determined diversification or liquidity strategies rather than a negative view of the company's prospects. However, significant sales by key executives warrant monitoring.
Stakeholder Impact
- Shareholders may view insider sales with caution, although the Rule 10b5-1 plan mitigates concerns about timing based on material non-public information.
Key Dates
| Date | Description |
|---|---|
| 08/28/2025 | Date Rule 10b5-1 trading plan was adopted by Niran Baruch. |
| 05/05/2026 | Date of initial sale of 1,875 ordinary shares. |
| 05/06/2026 | Date of subsequent sale of 1,875 ordinary shares. |
| 05/07/2026 | Date of signature on the Form 4 filing. |
Keywords
AudioCodes, AUDC, Form 4, insider trading, Rule 10b5-1, stock sale, CFO, Niran Baruch, beneficial ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.