Form 4: PriceSmart Director Bahrambeygui Sells 1,500 Shares
SEC Form 4
Director Sherry S. Bahrambeygui sold 1,500 shares of PriceSmart Inc. (PSMT) at a price of $80.52 on April 26, 2024.
Summary
- On April 26, 2024, Sherry S. Bahrambeygui, a director of PriceSmart Inc. (PSMT), sold 1,500 shares of common stock at a price of $80.52 per share.
- Following the transaction, Bahrambeygui directly owns 98,508 shares of PriceSmart common stock.
- Bahrambeygui also indirectly owns 43,728 shares through the Hosey Family Trust and 1,000 shares through a joint account with her son.
- Bahrambeygui disclaims beneficial ownership of the shares held by the Hosey Family Trust and the joint account with her son, except to the extent of her pecuniary interest therein.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a standard Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of transaction: Sale of 1,500 shares of common stock. |
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