Form 4: Everi Holdings SVP, CAO Todd A. Valli Executes Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Todd A. Valli, SVP, CAO of Everi Holdings Inc., exercised stock options and sold 30,000 shares of common stock on April 21, 2025, according to a pre-arranged 10b5-1 trading plan.
Summary
- On April 21, 2025, Todd A. Valli, SVP, CAO of Everi Holdings Inc., exercised stock options to acquire 30,000 shares of common stock at a price of $7.74 per share.
- Simultaneously, Valli sold 30,000 shares of Everi Holdings Inc. common stock at a weighted average price of $13.75 per share, with prices ranging from $13.74 to $13.78.
- These transactions were executed under a 10b5-1 trading plan adopted on December 9, 2024.
- Following these transactions, Valli beneficially owns 57,413 shares of Everi Holdings Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions under a pre-existing 10b5-1 plan. There is no indication of positive or negative news for the company.
Positives
- The execution of the 10b5-1 plan allows for orderly selling of shares.
- The sale price of $13.75 is higher than the exercise price of $7.74, resulting in a profit for Valli.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It is common for executives to utilize 10b5-1 plans to manage their stock holdings and avoid accusations of insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 04/22/2015 | Original grant date of the stock options that would have expired on April 22, 2025 |
| 12/09/2024 | Date the reporting person adopted the 10b5-1 plan. |
| 04/21/2025 | Date of the transaction (exercise of options and sale of shares). |
| 04/22/2025 | Expiration date of the options originally granted on April 22, 2015. |
Keywords
Everi Holdings Inc., Todd A. Valli, Form 4, Stock Options, 10b5-1 Plan, Insider Trading, Securities Exchange Act, EVRI, Shares, Sale
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