Form 4: Glaukos Corp Director Marc Stapley Executes Stock Option and Sells Shares
SEC Form 4
Director Marc Stapley exercised stock options and sold Glaukos Corp shares on August 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 15, 2024, Marc Stapley, a director of Glaukos Corporation, exercised stock options to acquire 6,250 shares of common stock at a price of $32 per share.
- Simultaneously, Stapley sold a total of 6,250 shares of Glaukos Corp common stock in multiple transactions at weighted average prices ranging from $123.98 to $126.91.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 11, 2023.
- Following these transactions, Stapley directly owns 34,076 shares of Glaukos Corp common stock, which includes 6,326 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity under a pre-arranged plan.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- Shareholders are informed about the director's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 07/23/2015 | Date stock option was granted. |
| 08/11/2023 | Date the Rule 10b5-1 trading plan was adopted. |
| 08/15/2024 | Date of stock option exercise and share sales. |
| 07/23/2025 | Expiration date of the stock option. |
| 08/19/2024 | Date of Form 4 filing. |
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