Form 4: Optical Cable Corp Director Sells 3,500 Shares in Private Transaction

Randall H. Frazier, a director of Optical Cable Corp, sold 3,500 shares of common stock in a private transaction on October 7, 2024.

Summary

• On October 7, 2024, Randall H. Frazier, a director of Optical Cable Corp (OCC), sold 3,500 shares of the company's common stock.
• The shares were sold at a price of $3 per share.
• The transaction was a private sale to the President and CEO of OCC.
• Following the transaction, Frazier directly owns 82,814 shares of OCC common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The sale by a director could be interpreted negatively, but the fact that it was to the CEO mitigates this.

Industry Context

Insider transactions are common and closely monitored, but this particular transaction is notable because the shares were sold privately to the company's CEO, which could suggest a specific strategic reason or agreement between the parties.

Related Party Transactions

• The sale of shares to the President and CEO of OCC constitutes a related party transaction.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders, but the limited size of the transaction and the fact that the buyer was the CEO likely minimizes any significant impact.

Key Dates