Form 4: Clarivate Director Michael Angelakis Increases Stake Through Multiple Share Purchases

Clarivate director Michael Angelakis has acquired a significant number of ordinary shares through multiple transactions between November 20th and November 22nd, 2024.

Summary

• Michael Angelakis, a director at Clarivate PLC, has purchased a total of 3,465,000 ordinary shares in the company.
• The purchases were made over three days, from November 20th to November 22nd, 2024.
• On November 20th, 1,500,000 shares were acquired at a weighted average price of $5.11.
• On November 21st, 1,200,000 shares were acquired at a weighted average price of $5.19.
• On November 22nd, 765,000 shares were acquired at a weighted average price of $5.19.
• These shares are held indirectly through Atairos Strategic Partners, L.P. and A-PQ Holdings.
• Mr. Angelakis disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The document indicates a director is increasing their stake in the company, which is generally a positive sign. However, it's a routine filing and doesn't provide any information about the company's performance or future outlook.

Positives

• The director's purchase of a large number of shares could be seen as a positive signal of confidence in the company's future prospects.
• The consistent purchasing activity over three days suggests a strong belief in the company's value.

Management Comments

• Mr. Angelakis disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

This type of filing is common for directors and officers of publicly traded companies and is required by the SEC to ensure transparency in insider trading.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and the information provided is consistent with what is typically disclosed in such filings.
• The level of detail provided, including the weighted average prices and the range of prices, is typical for these types of transactions.

Stakeholder Impact

• The increased stake by a director could be viewed positively by shareholders, potentially increasing confidence in the company.

Key Dates

Keywords

Clarivate, Michael Angelakis, share purchase, insider trading, director, equity, Atairos Strategic Partners, A-PQ Holdings