Form 4: Grocery Outlet Director Lindberg Exercises Options and Sells Shares

Director Eric J. Lindberg Jr. of Grocery Outlet Holding Corp. exercised stock options and sold 200,000 shares of common stock over two days in August 2024.

Summary

• On August 20 and 21, 2024, Eric J. Lindberg Jr., a director of Grocery Outlet Holding Corp., engaged in transactions involving the company's stock.
• Lindberg exercised stock options to acquire 200,000 shares of common stock at a price of $7.13 per share.
• Simultaneously, Lindberg sold 200,000 shares of common stock on the open market at weighted average prices of $18.62 and $18.44 on August 20 and 21, 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.
• Lindberg also directly owns 200,095 stock options.

Sentiment

Score: 5

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

Industry Context

Insider transactions are routinely monitored by investors as they can provide signals about management's perspective on the company's valuation and future prospects. However, option exercises and sales are common and don't always indicate a negative outlook.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates