Form 4: Carlyle Group Sells QuidelOrtho Corp Shares Under 10b5-1 Trading Plan
SEC Form 4
The Carlyle Group executed multiple sales of QuidelOrtho Corp shares on June 27 and 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Carlyle Group, a significant shareholder of QuidelOrtho Corp (QDEL), has reported the sale of shares on June 27 and June 28, 2024.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2024.
- On June 27, 2024, 46,380 shares of common stock were sold at an average price of $33.5144.
- On June 28, 2024, two transactions occurred: 18,795 shares were sold at an average price of $32.8281, and 31,142 shares were sold at an average price of $33.1786.
- Following these transactions, Carlyle Group's indirect beneficial ownership stands at 11,520,751 shares.
- The shares are held of record by Carlyle Partners VI Cayman Holdings, L.P., with various Carlyle Group entities having indirect beneficial ownership.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to share sales. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions under a pre-existing trading plan.
Industry Context
Share sales by major holders like Carlyle Group are common and can be part of portfolio management strategies. The use of a 10b5-1 plan indicates the sales were pre-planned and not based on recent market information.
Stakeholder Impact
- The share sales may have a minor impact on shareholders due to the increased supply of shares in the market.
- The impact is likely to be limited as the sales were pre-planned and executed under a Rule 10b5-1 trading plan.
Key Dates
| Date | Description |
|---|---|
| 2024-05-12 | Date of adoption of the Rule 10b5-1 trading plan. |
| 2024-06-27 | Date of first reported transaction: sale of 46,380 shares. |
| 2024-06-28 | Date of second and third reported transactions: sale of 18,795 and 31,142 shares. |
| 2024-07-01 | Date of filing of the Form 4. |
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