Form 4: Helix Energy Solutions CEO Owen Kratz Sells Shares Under 10b5-1 Trading Plan

Helix Energy Solutions Group Inc. CEO Owen Kratz sold 298,419 shares of common stock at an average price of $11.9235 per share on October 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 3, 2024, Owen E. Kratz, the President and CEO of Helix Energy Solutions Group Inc., sold 298,419 shares of common stock.
• The sale was executed at a weighted average price of $11.9235 per share.
• The transactions occurred within a price range of $11.50 to $12.29.
• The sale was conducted under a Rule 10b5-1 trading plan established on June 18, 2024.
• Following the transaction, Kratz directly owns 7,171,860 shares of Helix Energy Solutions Group Inc.
• Kratz disclaims beneficial ownership of 1,000,000 shares held by Joss Investments Limited Partnership, where he is a general partner.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a negative outlook on the company.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.

Key Dates