Form 4: Intel CEO Patrick Gelsinger Acquires 11,150 Shares of INTC

Intel CEO Patrick Gelsinger recently purchased 11,150 shares of Intel Corp (INTC) at an average price of $22.529 per share.

Summary

• On November 4, 2024, Patrick Gelsinger, the CEO of Intel Corp, acquired 11,150 shares of INTC common stock.
• The purchase was made at a weighted average price of $22.529 per share, with individual trades ranging from $22.5200 to $22.5400.
• Following the transaction, Gelsinger directly owns 105,033 shares of Intel common stock.
• Gelsinger also indirectly owns shares through various family and other trusts.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's purchase is a positive signal, but it's a relatively small transaction in the context of the overall market capitalization of Intel.

Positives

• The CEO's purchase of shares could be interpreted as a positive signal about his confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. A purchase by the CEO is generally seen as a positive sign.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates