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

Joseph Gates Clark, President of LED Solutions at SMART Global Holdings, sold 2,529 ordinary shares at an average price of $17.9354 on April 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 24, 2024, Joseph Gates Clark, the President of LED Solutions at SMART Global Holdings, sold 2,529 ordinary shares of the company.
• The sale was executed at a weighted average price of $17.9354 per share, with individual trades ranging from $17.76 to $18.32.
• The transaction was conducted under a pre-established Rule 10b5-1 trading plan adopted on April 17, 2023.
• Following the transaction, Clark directly owns 92,386 ordinary shares of SMART Global Holdings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider share sale. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction executed under a pre-existing plan.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of 10b5-1 plans allows insiders to sell shares over a period of time 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 the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates