Form 4: Privia Health Group Director William M. Sullivan Sells Shares
SEC Form 4
Director William M. Sullivan sold shares of Privia Health Group, Inc. on March 8 and March 11, 2024, under a pre-arranged trading plan.
Summary
- William M. Sullivan, a director of Privia Health Group, Inc., reported the sale of company stock.
- On March 8, 2024, he sold 7,115 shares at a weighted average price of $23.03 per share.
- On March 11, 2024, he sold 400 shares at a weighted average price of $23.02 per share.
- These sales were executed under a Rule 10b5-1 trading plan adopted on August 31, 2023.
- Following these transactions, Sullivan directly owns 22,792 shares and indirectly owns 5,445,018 shares through Brighton Family, LLC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan, with no indication of positive or negative implications for the company.
Industry Context
Insider trading activity is always relevant to the market as it can provide signals, although in this case the trading was pre-planned.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2023/08/31 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/03/08 | Date of first stock sale |
| 2024/03/11 | Date of second stock sale |
| 2024/03/12 | Date of signature on Form 4 |
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