Form 4: Carriage Services CEO Sells Shares Under 10b5-1 Plan

Carriage Services CEO Carlos Quezada reported the sale of 4,250 shares of common stock at a weighted average price of $47.35, executed under a Rule 10b5-1 plan.

Summary

• CEO Carlos R. Quezada of Carriage Services Inc. (CSV) sold 4,250 shares of common stock.
• The transaction occurred on August 7, 2025, at a weighted average price of $47.35 per share.
• The shares were sold pursuant to a Rule 10b5-1(c) plan established on December 27, 2024.
• Following the sale, Mr. Quezada beneficially owns 98,333 shares of common stock.
• The reported transaction was filed late due to an administrative oversight.
• The shares were sold in multiple transactions with prices ranging from $45.81 to $48.39.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a Rule 10b5-1 plan, which typically indicates a non-discretionary transaction. The late filing is a minor administrative issue, not indicative of significant negative sentiment.

Negatives

• The transaction was reported late due to an administrative oversight.

Risks

• The transaction was reported late due to an administrative oversight, which could indicate minor internal compliance issues.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it primarily reports a past insider transaction.

Management Comments

• The reported transaction was affected automatically pursuant to a Rule 10b5-1(c) Plan entered into by the Reporting Person on December 27, 2024. Accordingly, the Reporting Person had no discretion with regard to the timing of the transaction.

Industry Context

This insider transaction report is specific to Carriage Services Inc. and its CEO, Carlos Quezada. It does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may note the CEO's sale of shares, though the pre-planned nature under a Rule 10b5-1 plan mitigates concerns about discretionary selling based on new information.

Key Dates

Recommendation

The reported transaction is a pre-scheduled sale by the CEO under a Rule 10b5-1 plan, which suggests it is not based on new material non-public information. While insider selling can sometimes be a negative signal, the planned nature of this transaction mitigates concerns. It does not provide new fundamental information to alter an investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

Carriage Services, CSV, Insider Trading, Form 4, Stock Sale, CEO, Carlos Quezada, Rule 10b5-1 Plan