Form 4: Carlyle Group Sells Shares in QuidelOrtho Corp Under 10b5-1 Trading Plan
SEC Form 4
Carlyle Group Inc. reports the sale of QuidelOrtho Corp shares across multiple transactions on July 1st and 2nd, 2024, executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Carlyle Group Inc. has reported the sale of shares in QuidelOrtho Corp (QDEL) on July 1st and 2nd, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on May 12, 2024.
- On July 1st, a total of 81,110 shares were sold at weighted average prices ranging from $31.8132 to $34.0929.
- On July 2nd, a total of 86,454 shares were sold at weighted average prices ranging from $30.9728 to $31.68.
- After these transactions, Carlyle Group Inc. indirectly beneficially owns 11,353,187 shares of QuidelOrtho Corp.
- The shares are held of record by Carlyle Partners VI Cayman Holdings, L.P.
- Carlyle Group Inc. disclaims beneficial ownership of these securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating pre-planned sales of shares. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Industry Context
Private equity firms like Carlyle often distribute shares in portfolio companies over time, and this sale appears to be part of a planned distribution strategy.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of adoption of the Rule 10b5-1 trading plan |
| 07/01/2024 | Date of first reported transaction (share sales) |
| 07/02/2024 | Date of second reported transaction (share sales) |
| 07/03/2024 | Date of signature of the Form 4 filing |
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