Form 4: Mannatech Director Larry A. Jobe Sells 1,012 Shares
SEC Form 4 Filing
Director Larry A. Jobe sold 1,012 shares of Mannatech Inc. (MTEX) at $7.60 per share on May 22, 2024, leaving him with 71,009 shares.
Summary
- On May 22, 2024, Larry A. Jobe, a director of Mannatech Inc. (MTEX), sold 1,012 shares of common stock.
- The sale price was $7.60 per share.
- Following the transaction, Jobe directly owns 71,009 shares of Mannatech Inc.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a director could be perceived in various ways by stakeholders.
- Some might see it as a lack of confidence in the company's future, while others might view it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Larry A. Jobe sold 1,012 shares of Mannatech Inc. |
| 05/23/2024 | Date of signature: Andrew Gillett, Controller, by Power of Attorney signed the document. |
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