Form 4: NewtekOne Director Salvatore Mulia Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Salvatore Mulia sold 750 shares of NewtekOne (NEWT) at $14.33 per share on July 22, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On July 22, 2024, Salvatore Mulia, a director of NewtekOne, Inc. (NEWT), sold 750 shares of common stock.
- The sale was executed at a price of $14.33 per share.
- The transaction was conducted under a pre-existing 10b5-1 trading plan adopted on June 20, 2023.
- Following the transaction, Mulia directly owns 46,241 shares of NewtekOne common stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares under a pre-arranged plan) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| June 20, 2023 | Date the Reporting Person adopted the 10b5-1 plan |
| July 22, 2024 | Date of the transaction (sale of shares) |
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