Form 4: inTEST Corp CEO Richard N. Grant, Jr. Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Richard N. Grant, Jr., President and CEO of inTEST Corp, sold a total of 63,500 shares of common stock between April 9 and April 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Richard N. Grant, Jr., the President and CEO of inTEST Corp, reported the sale of common stock in a Form 4 filing with the SEC.
- The transactions occurred between April 9 and April 11, 2024.
- A total of 63,500 shares were sold in multiple transactions at varying prices.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 8, 2023.
- Following these transactions, Mr. Grant directly owns 171,717 shares of inTEST Corp common stock.
- Mr. Grant also holds employee stock options for a total of 185,216 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the stock sales were conducted under a pre-arranged trading plan. It doesn't necessarily reflect a positive or negative outlook on the company's future.
Industry Context
Insider selling can be interpreted in various ways by the market, but the existence of a 10b5-1 plan suggests the sales were pre-planned and not necessarily based on current company performance or outlook.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the pre-planned nature of the sales mitigates potential negative interpretations.
Key Dates
| Date | Description |
|---|---|
| 12/08/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 03/09/2023 | Earliest vesting date for employee stock options |
| 03/10/2022 | Earliest vesting date for employee stock options |
| 04/09/2024 | Date of first reported transaction |
| 04/10/2024 | Date of second reported transaction |
| 04/11/2024 | Date of third reported transaction and filing date |
| 03/09/2031 | Expiration date for employee stock options |
| 03/08/2032 | Expiration date for employee stock options |
| 03/07/2033 | Expiration date for employee stock options |
| 03/05/2034 | Expiration date for employee stock options |
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