Form 4: Ethan Allen Interiors Inc. Chairman Sells Shares Under 10b5-1 Plan

M. Farooq Kathwari, Chairman, President & CEO of Ethan Allen Interiors Inc., sold shares of common stock on April 17, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• M. Farooq Kathwari, Chairman, President & CEO of Ethan Allen Interiors Inc., reported the sale of company stock on April 17, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 stock selling plan adopted on March 14, 2024, with an effective date of June 17, 2024.
• Kathwari sold 10,000 shares of common stock at a price of $26.31 per share.
• Additionally, the Irfan Kathwari Foundation sold 8,000 shares under the same plan.
• Following the reported transactions, Kathwari directly owns 1,621,905 shares of Ethan Allen common stock.
• Kathwari also has indirect ownership through his spouse, a 401(k) plan, and trusts for the benefit of Kolhai Gibran Kathwari, Zavier Irfan Kathwari, Samantha Maxime Van Puyenbroeck-Kathwari, and Gabriel Alexander Van Puyenbroeck-Kathwari.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. Rule 10b5-1 plans allow corporate insiders to sell company stock at predetermined times and prices.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.

Key Dates

Keywords

Form 4, Insider Trading, Stock Sale, Rule 10b5-1, Kathwari, Ethan Allen Interiors, ETD