Form 4: Grocery Outlet Director Thomas Herman Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Thomas Herman sold 2,000 shares of Grocery Outlet Holding Corp. common stock at $29 per share on February 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 28, 2024, Thomas F. Herman, a director of Grocery Outlet Holding Corp., sold 2,000 shares of common stock at a price of $29 per share.
- The sale was executed under a pre-existing Rule 10b5-1 trading plan adopted on August 30, 2023.
- Following the transaction, Mr. Herman directly owns 9,990 shares and indirectly owns 11,400 shares through a trust.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares under a pre-arranged plan) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific current information.
Key Dates
| Date | Description |
|---|---|
| August 30, 2023 | Date of adoption of the Rule 10b5-1 trading plan |
| February 28, 2024 | Date of the transaction (sale of shares) |
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