Form 4: Manhattan Associates CEO Sells Shares Under 10b5-1 Plan

Manhattan Associates' President and CEO, Eric Andrew Clark, reported the sale of 1,600 shares of common stock under a pre-arranged trading plan.

Summary

• Eric Andrew Clark, President & CEO and Director of Manhattan Associates Inc. (MANH), reported a sale of common stock.
• The transaction involved the disposition of 1,600 shares of common stock.
• The sale occurred on November 28, 2025, at a price of $176.397 per share.
• Following this transaction, Mr. Clark beneficially owns 50,486 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The sale of shares by the CEO was conducted under a pre-arranged 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new material non-public information. This makes the event largely neutral in terms of immediate sentiment.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on immediate, non-public information.

Negatives

• An insider sale, even under a 10b5-1 plan, can sometimes be perceived negatively by investors as it reduces the insider's direct stake in the company.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: May perceive a slight negative signal from an insider sale, though mitigated by the 10b5-1 plan.

Key Dates

Recommendation

This Form 4 filing reports a routine insider sale by the CEO under a pre-arranged 10b5-1 plan. Such transactions are typically for personal financial planning and do not usually signal a change in the company's fundamental outlook or performance. Therefore, based solely on this filing, there is no new information to warrant a change from a 'hold' position, assuming the investor's existing thesis remains intact.

Keywords

Manhattan Associates, MANH, Eric Andrew Clark, Insider Trading, Form 4, Stock Sale, CEO, Director, 10b5-1 plan, Common Stock