Form 4: SMART Global Holdings EVP, COO, and President of Memory Solutions, Jack A. Pacheco, Reports Stock Sale
SEC Form 4 Filing
Jack A. Pacheco, EVP, COO, and President of Memory Solutions at SMART Global Holdings, reports the sale of 13,333 ordinary shares on July 26, 2024, as part of a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 26, 2024, Jack A. Pacheco, EVP, COO, and President of Memory Solutions at SMART Global Holdings, executed a transaction involving the company's ordinary shares.
- Pacheco exercised an option to acquire 13,333 shares at a price of $9.195 per share.
- Simultaneously, Pacheco sold 13,333 shares at a weighted average price of $23.1632, with individual sales prices ranging from $22.93 to $23.62.
- These transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted on April 26, 2024.
- Following these transactions, Pacheco directly owns 211,896 ordinary shares.
- Pacheco also holds options to purchase 66,667 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is a standard practice in publicly traded companies.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on market perception of insider selling.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | Option vested as to 25% on March 12, 2021, and the remaining shares vested monthly and became exercisable over three years beginning March 12, 2021. |
| 04/26/2024 | Rule 10b5-1 Plan adopted by the reporting person. |
| 07/26/2024 | Date of transaction: Exercise of stock options and sale of shares. |
| 07/30/2024 | Date of Form 4 filing. |
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