Form 4: Moelis & Co CEO Kenneth Moelis Sells Shares
SEC Form 4 Filing
Kenneth Moelis, CEO of Moelis & Co, recently sold a portion of his Class A Common Stock.
Summary
- Kenneth Moelis, the Chairman and CEO of Moelis & Co, reported changes in his beneficial ownership of the company's stock.
- On May 9, 2024, he sold 40,000 shares of Class A Common Stock at a price of $53.98 per share.
- On May 10, 2024, he sold 37,102 shares of Class A Common Stock at a price of $54.11 per share.
- Following these transactions, Mr. Moelis directly owns 5,339 shares of Class A Common Stock.
- This is in addition to unvested or restricted equity units and shares issuable in exchange for Group Units held by The Moelis Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by the CEO. It doesn't inherently convey positive or negative sentiment, but the market's interpretation of the sales could influence sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company, like the CEO, buy or sell the company's securities. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Kenneth Moelis sold 40,000 shares of Class A Common Stock at $53.98 per share. |
| 05/10/2024 | Kenneth Moelis sold 37,102 shares of Class A Common Stock at $54.11 per share. |
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