Form 4: NetScout Systems COO Michael Szabados Sells 6,500 Shares

NetScout Systems' Chief Operating Officer, Michael Szabados, sold 6,500 shares of common stock on October 30, 2024, at a weighted average price of $21.3174 per share.

Summary

• Michael Szabados, the Chief Operating Officer of NetScout Systems, Inc., sold 6,500 shares of common stock on October 30, 2024.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on June 11, 2024.
• The shares were sold at a weighted average price of $21.3174, with individual sales prices ranging from $21.0400 to $21.5000.
• Following the transaction, Szabados directly owns 42,489 shares of NetScout Systems, Inc.
• The reporting person has committed to providing full information regarding the number of shares sold at each separate price within the specified range upon request.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-existing plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to sell shares under pre-arranged trading plans to diversify their holdings or for personal financial planning.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small number of shares sold and the pre-planned nature of the transaction.

Key Dates