Form 4: Insuleet Corp Director Shacey Petrovic Exercises Options and Sells Shares
SEC Form 4 Filing
Director Shacey Petrovic exercised stock options and sold shares of Insuleet Corp on February 28, 2024.
Summary
- On February 28, 2024, Shacey Petrovic, a director of Insuleet Corp, exercised employee stock options to acquire 11,609 shares of common stock at a price of $92.11 per share.
- Simultaneously, Petrovic sold 11,609 shares of common stock at a weighted average price of $162.92, with prices ranging from $162.76 to $163.29.
- Following these transactions, Petrovic directly owns 2,567 shares of Insuleet Corp common stock and indirectly owns 30,000 shares through the NG Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company directors. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/26/2029 | Expiration date of the Employee Stock Option |
| 02/28/2024 | Date of stock option exercise and share sale |
| 02/29/2024 | Date of signature on the Form 4 filing |
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