Form 4: iRobot Director Colin Angle Transfers Shares to Trust

Director Colin Angle of iRobot Corp. reports a transfer of shares to The Colin M. Angle 2011 Trust.

Summary

• On February 29, 2024, Colin M. Angle, a director at iRobot Corp., reported a transaction involving the company's common stock.
• Angle transferred 194,300 shares of common stock to The Colin M. Angle 2011 Trust.
• This transaction was exempt from reporting pursuant to Rule 16a-13.
• The shares were sold in multiple transactions at prices ranging from $11.35 to $11.58, with a weighted average price of $11.4614.
• Following the reported transaction, Angle directly owns 246,345 shares and indirectly owns 14,797 shares through The Colin M. Angle 2011 Trust.
• Angle disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a share transfer, with neutral sentiment.

Management Comments

• The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or any other purpose.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily indicate a significant shift in the company's outlook or performance. It is common for executives to manage their holdings for personal financial planning.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily involves the internal transfer of shares to a trust.

Key Dates