Form 4: Grocery Outlet Director Eric J. Lindberg Jr. Executes Stock Option and Sells Shares

Director Eric J. Lindberg Jr. exercised stock options and sold 200,000 shares of Grocery Outlet Holding Corp. common stock in two days.

Summary

• Eric J. Lindberg Jr., a director of Grocery Outlet Holding Corp., executed stock options to acquire 200,000 shares of common stock.
• He then sold these 200,000 shares in two separate transactions on August 16 and August 19, 2024.
• The sales were executed at weighted average prices of $18.90 and $18.83 per share, respectively.
• Following these transactions, Lindberg directly owns 70,938 shares and indirectly owns 2,026,670 shares through the Lindberg Revocable Trust, 401,500 shares through the Lindberg Irrevocable Trust, 460 shares by child and 460 shares by spouse.
• He also directly owns 400,095 stock options.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide signals about management's view of the company's prospects.

Stakeholder Impact

• Shareholders may interpret the stock sale as a signal, although it could be for personal financial reasons.

Key Dates