Form 4: MBIA INC Director Theodore Shasta Sells 11,261 Shares
SEC Form 4 Filing
Director Theodore Shasta sold 11,261 shares of MBIA INC common stock at $6.13 per share on December 30, 2024.
Summary
- On December 30, 2024, Theodore Shasta, a director of MBIA INC, sold 11,261 shares of the company's common stock.
- The sale price was $6.13 per share.
- Following the transaction, Shasta directly owns 71,364 shares of MBIA INC.
- The transaction was reported on January 2, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it may not necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 12/30/2024 | Date of transaction: Theodore Shasta sold 11,261 shares of MBIA INC common stock. |
| 01/02/2025 | Date of report filing. |
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