Form 4: Exact Sciences GC Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Exact Sciences' SVP, General Counsel & Secretary, James Herriott, sold 1,500 shares of common stock for $60 per share under a pre-arranged trading plan.
Summary
- James Herriott, SVP, General Counsel & Secretary of Exact Sciences Corp (EXAS), reported a transaction involving company common stock.
- On October 9, 2025, Mr. Herriott disposed of 1,500 shares of Common Stock.
- The shares were sold at a price of $60 per share.
- This transaction was executed pursuant to a Rule 10b5-1 trading plan, which was established on March 3, 2025.
- Following the sale, Mr. Herriott directly holds 14,085 shares of Common Stock.
- An additional 1,556 shares are held indirectly in a 401(k) Plan, bringing the total beneficially owned shares to 15,641.
- Mr. Herriott also holds 37,434 vested and unvested options to purchase shares of Common Stock and restricted stock units.
Sentiment
Score: 5
Explanation: The transaction is a pre-planned insider sale under a Rule 10b5-1 plan, which typically indicates a routine liquidity event rather than a change in management's outlook on the company's prospects. Therefore, the sentiment is neutral.
Future Outlook
No forward-looking statements or guidance are provided in this insider transaction report.
Industry Context
This filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitor analysis.
Stakeholder Impact
- Shareholders: The sale represents a minor, pre-planned disposition of shares by a senior executive, which is unlikely to have a significant impact on shareholder sentiment or company valuation.
Key Dates
| Date | Description |
|---|---|
| March 3, 2025 | Date Rule 10b5-1 trading plan was entered into. |
| October 9, 2025 | Date of the reported transaction (sale of common stock). |
| October 10, 2025 | Date the Form 4 was signed by attorney-in-fact. |
Recommendation
holdThe filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan. This type of transaction is generally not indicative of a change in company fundamentals or management's long-term outlook, and therefore does not warrant a change in investment recommendation based solely on this filing.
Keywords
EXAS, Exact Sciences, insider trading, Form 4, stock sale, James Herriott, 10b5-1 plan
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