Form 4: Dynatrace CEO Sells 30,000 Shares Under 10b5-1 Plan

Dynatrace CEO Rick M. McConnell sold 30,000 shares of common stock for approximately $46.61 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Rick M. McConnell, Chief Executive Officer and Director of Dynatrace, Inc. (DT), sold 30,000 shares of the company's common stock.
• The transaction occurred on November 11, 2025.
• The shares were sold at a weighted average price of $46.607 per share, with individual transaction prices ranging from $46.37 to $46.73.
• This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. McConnell on June 12, 2025.
• Following this transaction, Mr. McConnell directly owns 108,125 shares of common stock.
• An additional 500 shares are indirectly owned through the Anne Marie McConnell Trust, for which the Reporting Person's spouse is the sole trustee.

Sentiment

Score: 5

Explanation: The sale by the CEO is a neutral event given it was executed under a pre-arranged 10b5-1 plan, which mitigates concerns about opportunistic selling based on non-public information. However, it still represents a reduction in insider ownership.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned divestment rather than a reaction to new, non-public information, which can mitigate negative investor perception.

Negatives

• A significant sale of 30,000 shares by the Chief Executive Officer could be perceived negatively by some investors, potentially signaling a desire to diversify holdings or a lack of confidence, despite the 10b5-1 plan.

Risks

• Potential for negative investor sentiment or market reaction due to insider selling, even when executed under a pre-planned trading arrangement.

Related Party Transactions

• 500 shares are indirectly held by the Anne Marie McConnell Trust dated July 16, 2021, for which the Reporting Person's spouse is the sole trustee. The Reporting Person disclaims Section 16 beneficial ownership except to the extent of his pecuniary interest, if any.

Stakeholder Impact

• Shareholders: May interpret the CEO's sale as a signal, potentially leading to minor negative sentiment, though the 10b5-1 plan mitigates this by indicating a pre-planned, non-opportunistic transaction.

Key Dates

Recommendation

The sale by the CEO, while a reduction in insider ownership, was conducted under a pre-arranged 10b5-1 plan. This suggests it is a planned diversification or liquidity event rather than a reaction to negative company-specific news. This mitigates the typical negative signal of insider selling. Without additional information on company performance or strategic shifts, a 'hold' recommendation is appropriate, advising investors to monitor future filings and company performance.

Keywords

Dynatrace, DT, Insider Sale, Form 4, Rick McConnell, CEO, Stock Transaction, 10b5-1 Plan, Equity Sales