Form 4: Helix Energy Solutions EVP & COO Scott Sparks Sells 12,000 Shares

Scott Andrew Sparks, EVP & COO of Helix Energy Solutions Group Inc, sold 12,000 shares of common stock at a weighted average price of $11.4366 on May 7, 2024.

Summary

• On May 7, 2024, Scott Andrew Sparks, the Executive Vice President & COO of Helix Energy Solutions Group Inc. (HLX), sold 12,000 shares of the company's common stock.
• The shares were sold at a weighted average price of $11.4366.
• The sales occurred in multiple transactions with prices ranging from $11.43 to $11.46.
• Following the reported transaction, Sparks directly owns 282,634 shares of Helix Energy Solutions Group Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale based on their own analysis.

Industry Context

Insider sales are common and can be for various reasons, including diversification or personal financial planning. It's important to consider the context of the sale, such as the overall trading activity of insiders and the company's performance.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price.

Key Dates