Form 4: Cibus Inc. Director Gerhard Prante Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Gerhard Prante of Cibus Inc. sold 1,150 shares of Class A Common Stock at $2.6 per share on February 14, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 14, 2025, Gerhard Prante, a director of Cibus Inc., sold 1,150 shares of Class A Common Stock.
- The sale was executed at a price of $2.6 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 16, 2024.
- Following the sale, Prante directly owns 15,757 shares of Cibus Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares under a pre-arranged plan) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this.
Key Dates
| Date | Description |
|---|---|
| 2024/08/16 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025/02/14 | Date of transaction: Sale of 1,150 shares of Class A Common Stock. |
| 2024/02/18 | Date of signature of the Form 4 filing. |
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