Form 4: Premier, Inc. Director Sells Shares Under 10b5-1 Trading Plan

A director of Premier, Inc. sold 1,136 shares of Class A Common Stock at a price of $22.19 per share on December 5, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• John T. Bigalke, a director at Premier, Inc., sold 1,136 shares of Class A Common Stock on December 5, 2024.
• The sale was executed at a price of $22.19 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on February 27, 2024.
• Following the transaction, Mr. Bigalke still directly owns 23,846 shares of Premier, Inc. stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned stock sale by a director. It does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for corporate insiders to use 10b5-1 trading plans to avoid accusations of trading on non-public information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US.
• The use of 10b5-1 trading plans is a common method for corporate insiders to manage their stock sales while avoiding potential conflicts of interest.
• The volume of shares sold is relatively small compared to the total outstanding shares of Premier, Inc.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but the transaction was pre-planned and is not indicative of any change in the company's outlook.

Key Dates

Keywords

Form 4, insider trading, stock sale, Rule 10b5-1, Premier, Inc., PINC, director, John T. Bigalke