Form 4: Ontrak Director Sells Shares in Open Market Transaction

Michael Edward Sherman, a director at Ontrak, Inc., sold 173 shares of common stock at an average price of $1.77 per share.

Summary

• Michael Edward Sherman, a director of Ontrak, Inc., sold 173 shares of the company's common stock on November 20, 2024.
• The shares were sold at a weighted average price of $1.77, with individual transaction prices ranging from $1.7726 to $1.78.
• Following the transaction, Mr. Sherman's direct ownership of Ontrak common stock is now zero.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a director. It does not convey any strong positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider stock sale and does not indicate any specific trend in the healthcare technology industry.

Comparison to Industry Standards

• Insider sales are a common occurrence in publicly traded companies, and this transaction is not unusual.
• The sale of 173 shares is a relatively small transaction and is unlikely to have a significant impact on the stock price.

Stakeholder Impact

• The sale of shares by a director may have a minor negative impact on shareholder sentiment, but the small size of the transaction is unlikely to cause a significant reaction.

Key Dates

Keywords

Ontrak, stock sale, insider trading, director, OTRK, share transaction