Form 4: Essential Properties Realty Trust CEO Sells Shares Under 10b5-1 Trading Plan

Peter M. Mavoides, President and CEO of Essential Properties Realty Trust, sold 27,817 shares of common stock at an average price of $32.33, according to a Form 4 filing with the SEC.

Summary

• Peter M. Mavoides, the President and CEO of Essential Properties Realty Trust, Inc. (EPRT), sold 27,817 shares of common stock on September 5, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2024.
• The shares were sold at a weighted average price of $32.33, with individual transactions ranging from $32.04 to $32.53.
• Following the transaction, Mavoides directly owns 446,076 shares of EPRT common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Sales by insiders are a normal part of corporate activity, but are closely scrutinized by investors. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates