Form 4: Costco Executive Daniel M. Hines Sells Shares

Principal Accounting Officer Daniel M. Hines sold 3,000 shares of Costco Wholesale Corp stock in two transactions in July 2024.

Summary

• Daniel M. Hines, Principal Accounting Officer of Costco Wholesale Corp, reported changes in beneficial ownership.
• On July 12, 2024, Hines sold 1,500 shares of common stock at a price of $844.2 per share.
• On July 15, 2024, Hines sold another 1,500 shares of common stock at a price of $848.5307 per share.
• Following these transactions, Hines directly owns 10,991.515 shares of Costco common stock.
• Hines also indirectly owns 800 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Insider selling is a common occurrence and can be for various reasons, including diversification or personal financial planning. It's important to consider the context of the sale, such as the executive's overall holdings and the company's performance.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.

Key Dates