Form 4: Freshpet Executive Stephen Macchiaverna Sells Shares and Exercises Options
SEC Form 4
EVP and Treasurer of Freshpet, Stephen Macchiaverna, executed transactions involving the company's common stock, including exercising options and selling shares.
Summary
- On September 5, 2024, Stephen Macchiaverna, EVP and Treasurer of Freshpet, Inc., exercised options to purchase 2,178 shares of common stock at a price of $49.77.
- Simultaneously, Macchiaverna sold 2,178 shares of common stock at a weighted average price of $140.01, with individual sales ranging from $140.00 to $140.06.
- Following these transactions, Macchiaverna directly owns 86,039 shares of Freshpet common stock and 9,322 options to purchase common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 12/31/2022 | Stock options vested. |
| 09/05/2024 | Date of options exercise and stock sale. |
| 09/09/2024 | Date of Form 4 filing. |
| 10/01/2029 | Expiration date of options. |
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