Form 4: Getty Images Director Chinh Chu Sells Shares Under 10b5-1 Trading Plan

Chinh Chu, a director at Getty Images Holdings, Inc., sold shares of Class A common stock on October 28 and 29, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Chinh Chu, a director of Getty Images Holdings, Inc., reported the sale of Class A common stock on October 28 and 29, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 28, 2023.
• On October 28, 2024, 22,090 shares were sold at a weighted average price of $4.0178, with prices ranging from $4.0000 to $4.0550.
• On October 29, 2024, 18,003 shares were sold at a weighted average price of $4.0132, with prices ranging from $4.0000 to $4.0400.
• Following these transactions, Chinh Chu indirectly owns 9,755,070 shares through CC Capital SP, LP and 5,762,560 shares through CC NB Sponsor 2 Holdings LLC.
• Chinh Chu disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document itself is neutral, reporting only the facts of the stock sales. The use of a 10b5-1 plan suggests the sales were pre-planned and not indicative of a negative outlook, but any insider selling can create uncertainty.

Risks

• Sales by insiders, even under 10b5-1 plans, can sometimes be perceived negatively by the market.

Future Outlook

The document does not contain any forward-looking statements regarding the company's future performance.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information. It's important to consider the overall context of insider trading activity in relation to the company's performance and industry trends.

Comparison to Industry Standards

• It is difficult to compare this specific transaction to industry standards without knowing the size of Chinh Chu's overall holdings and the typical trading patterns of insiders at comparable companies.
• Companies like Shutterstock or Adobe may have similar insider trading patterns, but this would require further investigation of their SEC filings.

Stakeholder Impact

• The stock sales could potentially create short-term selling pressure on the stock.
• However, the existence of a 10b5-1 plan mitigates concerns that the sales are based on negative inside information.

Key Dates