Form 4: Compass Pathways Director George Jay Goldsmith Reports Share Sales

Director George Jay Goldsmith reported the sale of Compass Pathways shares through automatic transactions under a pre-arranged Rule 10b5-1 trading plan.

Summary

• George Jay Goldsmith, a director of Compass Pathways plc, reported the sale of ordinary shares on February 23 and February 26, 2024.
• The sales were executed automatically under a Rule 10b5-1 trading plan adopted on August 23, 2023.
• On February 23, 2024, 11,863 shares were sold at a weighted average price of $10.0594, with prices ranging from $9.83 to $10.23.
• On the same day, 11,862 shares held indirectly by Goldsmith's spouse were sold at the same weighted average price.
• On February 26, 2024, 17,765 shares were sold at a weighted average price of $10.4476, with prices ranging from $10.23 to $10.735.
• On the same day, 17,765 shares held indirectly by Goldsmith's spouse were sold at the same weighted average price.
• Following these transactions, Goldsmith directly owns 4,094,847 shares and indirectly owns 4,092,573 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by a company director under a pre-arranged trading plan. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

This filing reflects routine trading activity by a company insider and doesn't necessarily indicate a change in the company's prospects or strategic direction. It is common for executives and directors to utilize 10b5-1 trading plans to diversify their holdings and avoid accusations of insider trading.

Stakeholder Impact

• The share sales by a director could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.

Key Dates