Form 4: Cibus Inc. Director Gerhard Prante Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Director Gerhard Prante of Cibus Inc. sold 1,150 shares of Class A Common Stock at $2.55 per share on February 6, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 6, 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 $2.55 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 16, 2024.
- Following the sale, Prante directly owns 22,657 shares of Cibus Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by a company director under a pre-arranged trading plan, 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, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 02/06/2025 | Date of the transaction (stock sale) |
| 02/07/2025 | Date of the Form 4 filing |
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