Form 4: EGAIN Corp CFO Sells Shares Under 10b5-1 Trading Plan

EGAIN Corp's Chief Financial Officer, Eric Smit, sold 1,461 shares of common stock at $5.01 per share on November 21, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Eric Smit, the Chief Financial Officer of EGAIN Corp, sold 1,461 shares of common stock on November 21, 2024.
• The sale was executed at a price of $5.01 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan that was adopted on March 8, 2024.
• Following the transaction, Mr. Smit directly owns 129,187 shares of EGAIN Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a pre-planned stock sale by an executive. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among corporate executives to manage their stock sales and avoid potential insider trading issues.
• The sale of 1,461 shares by the CFO is a relatively small transaction compared to the total shares owned, which is 129,187 shares.
• Similar filings are regularly made by executives at other publicly traded companies, such as those in the technology sector, including companies like Salesforce, Oracle, and Microsoft.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on the stock price, but it is unlikely to be significant given the small volume and the pre-planned nature of the transaction.

Key Dates

Keywords

EGAIN Corp, Eric Smit, CFO, stock sale, Rule 10b5-1, insider trading, equity securities