Form 4: Novanta CEO Sells Shares Under Pre-Arranged Plan

Novanta Inc. CEO Matthijs Glastra sold 6,500 shares of common stock on February 2, 2026, through a pre-established Rule 10b5-1 trading plan.

Summary

• Matthijs Glastra, Chief Executive Officer and Director of Novanta Inc. (NOVT), reported the sale of common stock.
• A total of 6,500 shares of Novanta common stock were sold on February 2, 2026.
• The sales were executed at weighted-average prices ranging from $134.52 to $137.38 per share.
• These transactions were conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted on September 11, 2025.
• The Rule 10b5-1 plan was set up through a trust for which the reporting person's spouse is a trustee.
• Following these transactions, Matthijs Glastra directly beneficially owns 64,867 shares and indirectly owns 54,382 shares through the Matthijs Glastra 2021 Irrevocable Trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as the sale was pre-planned under a 10b5-1 plan, reducing concerns about opportunistic insider selling.

Positives

• The sales were conducted under a pre-established Rule 10b5-1 trading plan, indicating a planned and automated transaction rather than a discretionary sale based on new, non-public information.

Negatives

• The CEO sold a total of 6,500 shares of common stock. While planned, insider selling can sometimes be perceived as a lack of confidence, though this is mitigated by the 10b5-1 plan.

Risks

• No specific risks are mentioned in this Form 4 filing beyond the inherent perception of insider selling.

Future Outlook

Not applicable. This Form 4 filing does not contain any forward-looking statements or guidance.

Management Comments

• The sales reported in this Form 4 were effected pursuant to a pre-established Rule 10b5-1 trading plan that was adopted on September 11, 2025 through a trust for which the reporting person's spouse is a trustee.

Industry Context

StockSavvy.ai notes that sales executed under Rule 10b5-1 plans are common among executives for personal financial planning and diversification, and are generally viewed as less indicative of management's immediate outlook on the company compared to unplanned, discretionary sales.

Related Party Transactions

• The sales were conducted through a trust (Matthijs Glastra 2021 Irrevocable Trust) for which the reporting person's spouse is a trustee, a common arrangement for Rule 10b5-1 plans.

Stakeholder Impact

• Shareholders may note the reduction in direct insider ownership, but the pre-planned nature of the sale under Rule 10b5-1 typically mitigates concerns about management's confidence in the company's future.

Key Dates

Keywords

Novanta, NOVT, insider trading, Form 4, stock sale, CEO, Matthijs Glastra, 10b5-1 plan