Form 4: NetScout Systems Director Joseph G. Hadzima Jr. Sells 7,000 Shares Under 10b5-1 Plan
SEC Form 4
Director Joseph G. Hadzima Jr. of NetScout Systems sold 7,000 shares of common stock at an average price of $20.7573 per share, executed under a pre-arranged 10b5-1 trading plan.
Summary
- On November 1, 2024, Joseph G. Hadzima Jr., a director of NetScout Systems, Inc. (NTCT), sold 7,000 shares of common stock.
- The sale was executed under a 10b5-1 trading plan adopted on November 30, 2023.
- The average selling price was $20.7573 per share, with individual sales prices ranging from $20.5000 to $21.1700.
- Following the transaction, Hadzima directly owns 131,298 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. It doesn't indicate any specific positive or negative outlook for the company.
Industry Context
Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the insider planned the transaction in advance to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2023-11-30 | Date the Reporting Person adopted the 10b5-1 plan. |
| 2024-11-01 | Date of the transaction (sale of shares). |
| 2024-11-05 | Date of the signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.