Form 4: Openlane EVP James P. Coyle Sells 6,000 Shares of Common Stock
SEC Form 4
James P. Coyle, EVP, President NA Marketplaces at Openlane, Inc., sold 6,000 shares of common stock at a price of $18.09 on May 15, 2024.
Summary
- On May 15, 2024, James P. Coyle, an Executive Vice President at Openlane, Inc., sold 6,000 shares of the company's common stock.
- The sale price was $18.09 per share.
- Following the transaction, Coyle directly owns 23,884.698 shares of Openlane common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider. It provides transparency to the market regarding the trading activities of Openlane's executives.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: James P. Coyle sold 6,000 shares of Openlane common stock. |
| 05/16/2024 | Date of signature for the Form 4 filing. |
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