Form 4: Glaukos Corp SVP Alex R. Thurman Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Alex R. Thurman, SVP & CFO of Glaukos Corporation, sold a portion of his common stock holdings on May 2, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 2, 2024, Alex R. Thurman, the SVP & CFO of Glaukos Corporation, executed sales of Glaukos Corp [GKOS] common stock.
- The sales were conducted under a Rule 10b5-1 trading plan adopted on May 17, 2023.
- A total of 442 shares were sold in multiple transactions at weighted average prices of $105.25, $106.58 and $107.77.
- Following the reported transactions, Thurman directly owns 52,090 shares of Glaukos common stock, which includes 28,898 restricted stock units that have not yet vested.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged trading plan, which is a common practice.
Industry Context
Sales by company executives are a normal part of corporate governance. The fact that these sales were executed under a pre-arranged 10b5-1 trading plan suggests that they were planned in advance and not based on any specific non-public information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but the pre-planned nature of the sale mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2023-05-17 | Date the Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 2024-05-02 | Date of the stock sale transactions. |
| 2024-05-06 | Date of signature on the 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.