Form 4: Nlight CEO Scott Keeney Executes Stock Option Sales Under 10b5-1 Plan
SEC Form 4
Nlight's CEO, Scott Keeney, sold shares of common stock on December 23rd and 24th, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Scott Keeney, the President and CEO of NLIGHT, INC., executed transactions involving the company's common stock.
- On December 23, 2024, Keeney exercised options to acquire 15,000 shares at $0.75 per share and then sold the same amount at a weighted average price of $9.95 per share.
- On December 24, 2024, Keeney exercised options to acquire 12,013 shares at $0.75 per share and then sold the same amount at a weighted average price of $9.96 per share.
- These transactions were conducted under a Rule 10b5-1 trading plan adopted on June 12, 2024.
- Following these transactions, Keeney directly owns 1,340,146 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and is a common practice for executives who have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the sales mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 12/23/2024 | Date of transaction involving the acquisition and disposition of 15,000 shares of Common Stock |
| 12/24/2024 | Date of transaction involving the acquisition and disposition of 12,013 shares of Common Stock |
| 12/26/2024 | Date of signature for the Form 4 filing |
| 02/26/2025 | Expiration date of the stock options |
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.