Form 4: CoreCivic EVP Sells 22,500 Shares Under 10b5-1 Plan

CoreCivic's EVP, Chief Development Officer, Anthony L. Grande, reported the sale of 22,500 shares of common stock for approximately $21.175 per share.

Summary

• Anthony L. Grande, Executive Vice President and Chief Development Officer of CoreCivic, Inc. (CXW), reported a transaction involving the company's common stock.
• The transaction was a disposition (sale) of 22,500 shares of CoreCivic Common Stock.
• The sale occurred on September 11, 2025, at a weighted average price of $21.175 per share.
• The shares were sold in multiple transactions with prices ranging from $21.00 to $21.425.
• This transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this reported transaction, Mr. Grande beneficially owns 135,559 shares of CoreCivic Common Stock.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, which can be perceived as a lack of confidence. However, the execution under a Rule 10b5-1 plan mitigates the immediate negative implications, suggesting a pre-planned financial decision rather than a reaction to new adverse information.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than a reaction to immediate market conditions or new, undisclosed information.

Negatives

• A high-ranking executive selling 22,500 shares of common stock could be perceived as a negative signal by investors, potentially indicating a lack of confidence in the company's near-term stock performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the insider sale as a negative signal, potentially impacting investor confidence and leading to downward pressure on the stock price, despite the 10b5-1 plan.

Key Dates

Recommendation

While insider selling can be a negative signal, this transaction was executed under a Rule 10b5-1 plan, suggesting a pre-scheduled sale rather than a reaction to new, adverse information. Investors should monitor future insider activity and broader company performance before making significant investment decisions. A single Form 4, especially one under a 10b5-1 plan, is typically not sufficient to warrant a strong buy or sell recommendation without additional context.

Keywords

CoreCivic, CXW, insider trading, Form 4, stock sale, executive compensation, Anthony L. Grande, 10b5-1 plan