Form 4: CWT Executive Sells Shares Under 10b5-1 Plan

California Water Service Group's VP, Corporate Secretary & Chief of Staff, Michelle R. Mortensen, sold 924 shares of common stock.

Summary

• Michelle R. Mortensen, VP, Corporate Secretary & Chief of Staff of California Water Service Group (CWT), reported a transaction involving company common stock.
• She sold 924 shares of CWT common stock on December 23, 2025.
• The shares were sold at a price of $43.34 per share.
• Following this transaction, Mortensen beneficially owns 11,511.8 shares of CWT common stock.
• The transaction was executed pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan, which is generally considered neutral in terms of company sentiment as it's not typically indicative of a change in management's outlook on the company's prospects.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was a pre-scheduled, non-discretionary transaction rather than a reaction to recent company performance or news.

Negatives

• Insider selling, even under a 10b5-1 plan, reduces the direct ownership stake of a key executive in the company.

Related Party Transactions

• Sale of 924 shares of common stock by Michelle R. Mortensen, a VP, Corporate Secretary & Chief of Staff, to the open market.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in insider ownership, which is generally not considered significant given the small number of shares relative to the company's total outstanding shares.

Key Dates

Recommendation

The Form 4 filing details a routine insider stock sale executed under a Rule 10b5-1 plan. This type of transaction is generally pre-scheduled and does not typically signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing.

Keywords

California Water Service Group, CWT, Insider Trading, Form 4, Stock Sale, Michelle R. Mortensen, Executive Transaction, 10b5-1 Plan