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

Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, sold 2,527 ordinary shares under a pre-arranged 10b5-1 trading plan.

Summary

• On July 24, 2024, Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, sold 2,527 ordinary shares of the company.
• The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on April 17, 2023.
• The shares were sold at a weighted average price of $23.6665, with individual trades ranging from $23.23 to $24.09.
• Following the transaction, Clark directly owns 82,518 ordinary shares of SMART Global Holdings.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often part of personal financial planning. The use of a 10b5-1 plan allows insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates