Form 4: NewLake Capital Partners Director David L. Weinstein Sells Shares
SEC Form 4 Filing
Director David L. Weinstein of NewLake Capital Partners, Inc. reports selling shares of common stock in two transactions on August 12 and 13, 2024.
Summary
- David L. Weinstein, a director of NewLake Capital Partners, Inc., filed a Form 4 disclosing changes in beneficial ownership.
- On August 12, 2024, Weinstein sold 11,125 shares of common stock at a weighted average price of $20.41, reducing his holdings to 106,339 shares.
- On August 13, 2024, he sold an additional 12,516 shares at a weighted average price of $20.43, further decreasing his holdings to 93,823 shares.
- The sales were executed under Rule 10b5-1(c), indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock sales by a director, which could be for various reasons and doesn't inherently indicate a positive or negative outlook for the company.
Industry Context
Sales by company insiders are a common occurrence and are closely watched by investors for signals about the company's prospects. It is important to note that insider sales do not necessarily indicate a negative outlook, as they can be motivated by personal financial planning needs.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of first reported transaction: sale of 11,125 shares. |
| 08/13/2024 | Date of second reported transaction: sale of 12,516 shares. |
| 08/14/2024 | Date of Form 4 filing. |
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