Form 4: Independence Realty Trust Director Sells 500 Shares Under 10b5-1 Plan
SEC Form 4
Richard D. Gebert, a director of Independence Realty Trust, sold 500 shares of common stock at $19.01 per share on May 1, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 1, 2025, Richard D. Gebert, a director of Independence Realty Trust, sold 500 shares of the company's common stock.
- The sale was executed at a price of $19.01 per share.
- The transaction was conducted under a pre-existing 10b5-1 trading plan adopted on December 5, 2024.
- Following the transaction, Gebert directly owns 38,194 shares of Independence Realty Trust common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged plan. There is no indication of positive or negative implications for the company.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| 12-05-2024 | Adoption date of the 10b5-1(c) plan |
| 05/01/2025 | Date of transaction (sale of shares) |
| 05/02/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Independence Realty Trust, IRT, Richard D. Gebert, Director, Stock Sale, 10b5-1 Plan, Beneficial Ownership
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