4/A: PriceSmart EVP Corrects Stock Sale Filing
Insider Transaction Amendment
PriceSmart's EVP-Finance, Michael McCleary, filed an amended Form 4 to correct the number of shares sold and his resulting beneficial ownership.
Summary
- Michael McCleary, EVP-Finance of PriceSmart Inc. (PSMT), filed an amended Form 4 (Form 4/A) to correct an error in a previously reported transaction.
- The amendment corrects the number of shares of Common Stock disposed of on September 9, 2025.
- The original Form 4, filed on September 11, 2025, incorrectly reported 9,754 shares disposed of.
- The correct number of shares disposed of is 4,877.
- The transaction occurred at a price of $110.619 per share.
- Following the corrected transaction, Michael McCleary beneficially owns 51,959 shares.
- The original filing incorrectly stated end-of-period holdings of 47,082 shares.
Sentiment
Score: 5
Explanation: The filing is a neutral compliance correction of an insider transaction, with no direct positive or negative implications for the company's operational or financial performance.
Future Outlook
This filing is an amendment to an insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing pertains to an individual insider transaction correction and does not provide information directly related to broader industry trends or competitive landscape for PriceSmart Inc.
Stakeholder Impact
- Shareholders: Provides accurate information regarding insider holdings and transactions, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 09/09/2025 | Date of the reported transaction (sale of common stock). |
| 09/11/2025 | Date the original, incorrect Form 4 was filed. |
| 09/12/2025 | Date the amended Form 4/A was signed. |
Keywords
PriceSmart, PSMT, Form 4/A, Insider Trading, Stock Sale, Beneficial Ownership, SEC Filing, Michael McCleary, EVP-Finance
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