Form 4: Goosehead Insurance Director Waded Cruzado Reports Stock Sales and Option Exercise
SEC Form 4 Filing
Director Waded Cruzado of Goosehead Insurance, Inc. reports exercising stock options and selling Class A Common Stock on February 28, 2025.
Summary
- On February 28, 2025, Waded Cruzado, a director of Goosehead Insurance, Inc., executed transactions involving the company's Class A Common Stock.
- Cruzado exercised stock options to acquire 8,450 shares at a price of $58 per share.
- Simultaneously, Cruzado sold 7,448 shares at a weighted average price of $118.44, with individual sales ranging from $118.10 to $118.97.
- Additionally, Cruzado sold 1,002 shares at a weighted average price of $119.77, with individual sales ranging from $119.29 to $120.19.
- Following these transactions, Cruzado directly owns 643 shares of Class A Common Stock.
- Cruzado also holds options for 6,250 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they reflect insider trading activity, which some investors use to gauge confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 05/02/2023 | Grant date of the Director Stock Options, which vest in 12 equal quarterly installments over three years. |
| 02/28/2025 | Date of the reported transactions: exercising stock options and selling Class A Common Stock. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
| 05/02/2033 | Expiration date of the Director Stock Options. |
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