Form 4: MBIA Director Theodore Shasta Sells 9,570 Shares of Common Stock
SEC Form 4 Filing
Theodore Shasta, a director of MBIA Inc., sold 9,570 shares of common stock at a price of $6.74 on January 2, 2025.
Summary
- On January 2, 2025, Theodore Shasta, a director of MBIA Inc., sold 9,570 shares of the company's common stock.
- The sale was executed at a price of $6.74 per share.
- Following the transaction, Shasta directly owns 61,794 shares of MBIA Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Sale of 9,570 shares of common stock. |
| 01/06/2025 | Date of signature on the Form 4 filing. |
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