Form 4: SMART Global Holdings Executive Sells 5,000 Shares Under 10b5-1 Plan

Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, sold 5,000 shares of ordinary stock at an average price of $29.0012 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On July 10, 2024, Joseph Gates Clark, the President of LED Solutions at SMART Global Holdings, sold 5,000 ordinary shares of the company.
• The sale was executed at a weighted average price of $29.0012 per share, with individual trades ranging from $29.00 to $29.01.
• The transaction was conducted under a pre-established Rule 10b5-1 trading plan adopted on April 17, 2023.
• Following the transaction, Clark directly owns 87,386 ordinary shares of SMART Global Holdings.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a negative outlook on the company.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-planned diversification strategies or to cover personal expenses. The use of a 10b5-1 plan suggests the sale was planned well in advance to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates