Form 4: Photronics Director and 10% Owner Sells Shares Under Pre-Arranged Trading Plan

Photronics Director and 10% Owner Constantine S. Macricostas sold 29,500 shares of common stock for $20.20 per share on July 2, 2025, under a Rule 10b5-1 plan.

Summary

• Constantine S. Macricostas, a Director and 10% Owner of Photronics Inc. (PLAB), reported a sale of common stock.
• The transaction involved the disposition of 29,500 shares of common stock.
• The shares were sold at a price of $20.20 per share.
• The transaction occurred on July 2, 2025.
• The sale was conducted pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
• Following this transaction, Mr. Macricostas directly beneficially owns 459,623 shares of common stock.
• Mr. Macricostas also holds indirect beneficial ownership through the Macricostas Family Foundation Inc.

Sentiment

Score: 5

Explanation: The document reports a factual insider stock sale. While the sale was pre-arranged under a Rule 10b5-1 plan, insider selling can sometimes be perceived with slight caution, though it does not inherently indicate negative company performance.

Positives

• The sale was executed under a Rule 10b5-1(c) plan, which suggests the transaction was pre-scheduled and not based on new material non-public information.

Negatives

• A director and 10% owner, Constantine S. Macricostas, sold 29,500 shares of common stock. While under a 10b5-1 plan, insider selling can sometimes be viewed as a lack of confidence, though this is mitigated by the pre-arranged nature.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the insider sale differently; some might view it as a negative signal, while others will note the Rule 10b5-1 plan indicates it is not based on new material non-public information.

Key Dates

Keywords

Photronics, PLAB, insider trading, Form 4, stock sale, director, 10% owner, Rule 10b5-1, common stock