Form 4: Gen Digital CFO Natalie Derse Reports Stock Transactions
SEC Filing Form 4
Natalie Derse, CFO of Gen Digital Inc., reports acquiring and disposing of company stock through the Employee Stock Purchase Plan.
Summary
- Natalie Derse, CFO of Gen Digital Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 15, 2025, Derse acquired 989 shares of Gen Digital common stock at $21.4795 per share through the Employee Stock Purchase Plan (ESPP).
- The purchase was part of the ESPP Purchase Period from August 16, 2024, to February 15, 2025.
- On February 18, 2025, Derse sold 989 shares at $27.74 per share.
- Following these transactions, Derse directly owns 333,668 shares of Gen Digital Inc.
- The sale was executed through a predetermined quick-sale program.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports routine stock transactions by a company insider.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| August 16, 2024 | Start of ESPP Offering Period and used to calculate share price. |
| February 15, 2025 | End of ESPP Purchase Period; acquisition of 989 shares at $21.4795. |
| February 18, 2025 | Sale of 989 shares at $27.74. |
| February 19, 2025 | Date of Form 4 filing. |
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