Form 4: Dynatrace CEO Rick McConnell Sells 40,000 Shares

Dynatrace CEO Rick McConnell sold 40,000 shares of common stock on May 20, 2025, at an average price of $53.104 per share, according to a Form 4 filing with the SEC.

Summary

• On May 20, 2025, Rick M. McConnell, the CEO of Dynatrace, Inc., sold 40,000 shares of Dynatrace common stock.
• The sale was executed at a weighted average price of $53.104 per share, with individual transactions ranging from $52.755 to $53.29.
• Following the transaction, McConnell directly owns 436,561 shares of Dynatrace common stock.
• McConnell also has indirect ownership of 500 shares held by the Anne Marie McConnell Trust, for which his spouse is the sole trustee; he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale by the CEO under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. It's important to consider the context of the sale, such as whether it's part of a pre-planned trading program, to understand its potential impact.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply, but the effect is likely minimal given the pre-planned nature of the sale.

Key Dates

Keywords

Dynatrace, Rick McConnell, stock sale, Form 4, Rule 10b5-1, CEO, DT