Form 4: Getty Images Director Chinh Chu Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Chinh Chu of Getty Images Holdings, Inc. executed sales of Class A common stock on April 26 and April 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 April 26 and April 29, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 28, 2023, by CC Capital SP, LP.
- On April 26, 2024, 5,201 shares were sold at a weighted average price of $4.0062, with prices ranging from $4.0000 to $4.0150.
- On April 29, 2024, 3,937 shares were sold at a weighted average price of $4.0039, with prices ranging from $4.0000 to $4.0200.
- Following these transactions, Chinh Chu indirectly owns 8,430,000 shares through CC Capital SP, LP and 7,196,496 shares through CC NB Sponsor 2 Holdings LLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for corporate insiders to set up 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 11/28/2023 | Date of adoption of Rule 10b5-1 trading plan by CC Capital SP, LP |
| 04/26/2024 | Date of first reported transaction: sale of Class A common stock |
| 04/29/2024 | Date of second reported transaction: sale of Class A common stock |
| 04/30/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.