Form 4: Legacy Housing Corp Director Curtis Hodgson Sells Shares Under 10b5-1 Plan

Curtis Hodgson, a director and 10% owner of Legacy Housing Corp, sold shares of common stock on March 11 and 12, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Curtis D. Hodgson, a director, 10% owner, and Chairman of the Board of Legacy Housing Corp, reported the sale of company stock.
• On March 11, 2024, Hodgson sold 11,975 shares at a price of $25.1 per share.
• On March 12, 2024, Hodgson sold 5,425 shares at a price of $25.01 per share.
• These sales were executed under a 10b5-1 trading plan established on March 29, 2023.
• Following these transactions, Hodgson directly owns 715,173 shares.
• Hodgson is also deemed to indirectly own shares through Hodgson Ventures (1,000,000 shares), Hodgson 2015 Grandchild's Trust (2,669,056 shares), and Cusach, Inc. (100,000 shares).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading arrangement. It doesn't necessarily reflect a positive or negative outlook on the company.

Risks

• Sales by insiders, even under 10b5-1 plans, can sometimes be perceived negatively by the market.

Industry Context

Insider transactions are common and closely monitored, especially in the context of housing and construction-related companies, given their sensitivity to economic cycles.

Stakeholder Impact

• The sales could have a minor impact on shareholder sentiment, depending on how the market interprets the insider activity.

Key Dates