Form 4: NetScout Systems COO Michael Szabados Sells 5,000 Shares
SEC Form 4 Filing
Chief Operating Officer of NetScout Systems, Michael Szabados, sold 5,000 shares of common stock on May 14, 2024, at a weighted average price of $20.411 per share.
Summary
- Michael Szabados, the Chief Operating Officer of NetScout Systems, Inc., sold 5,000 shares of common stock on May 14, 2024.
- The sale was executed under a pre-arranged 10b5-1 trading plan adopted on September 7, 2023.
- The shares were sold at a weighted average price of $20.411, with individual sales prices ranging from $20.28 to $20.6481.
- Following the transaction, Szabados directly owns 21,084 shares of NetScout Systems, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. It is important to consider the context of the sale, such as the use of a pre-arranged trading plan.
Stakeholder Impact
- The sale may have a minor impact on shareholders due to the small volume of shares sold by an insider.
Key Dates
| Date | Description |
|---|---|
| 2023-09-07 | Date the Reporting Person adopted the 10b5-1 plan |
| 2024-05-14 | Date of the stock sale transaction |
| 2024-05-16 | Date of Form 4 filing |
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