Form 4: Pro-Dex Inc. Director and 10% Owner, Raymond Cabillot, Executes Power of Attorney and Sells Shares Under 10b5-1 Plan

Raymond Cabillot, a director and 10% owner of Pro-Dex Inc., granted power of attorney for SEC filings and sold shares under a pre-arranged 10b5-1 trading plan.

Summary

• Raymond Cabillot, a director and 10% owner of Pro-Dex Inc., has granted power of attorney to Alisha Charlton, Mallorie Schindler, and Garett Sleichter for the purpose of executing SEC filings on his behalf.
• This power of attorney allows them to complete and file Forms 4 and 5 related to his ownership and transactions in Pro-Dex securities.
• Cabillot also sold 1,200 shares of Pro-Dex stock on January 10, 2025, at a weighted average price of $47.76, and 3,624 shares on January 13, 2025, at a weighted average price of $46.66.
• These sales were executed under a Rule 10b5-1 trading plan adopted on September 20, 2024.
• Following these transactions, Cabillot's indirect ownership through Farnam Street Partners, L.P. decreased to 356,022 shares.

Sentiment

Score: 5

Explanation: The document is neutral in sentiment. It reports standard insider trading activity under a pre-arranged plan. There is no indication of positive or negative sentiment.

Negatives

• The sale of shares by a director and 10% owner could be perceived negatively by the market.

Risks

• Continued sales by Cabillot could put downward pressure on the stock price.
• The market may react negatively to the reduction in Cabillot's stake in the company.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a standard SEC filing related to insider trading activity and is common for publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among corporate insiders to manage their stock sales while avoiding accusations of insider trading, similar to practices at companies like Apple, Microsoft, and Tesla.
• The reporting of Form 4 filings is a standard requirement for all publicly traded companies in the US, ensuring transparency of insider transactions, similar to filings by executives at companies like Johnson & Johnson and Pfizer.
• The share sales by Raymond Cabillot are not unusual for a director and 10% owner, and the volume of shares sold is relatively small compared to the total outstanding shares of Pro-Dex Inc., similar to sales by insiders at smaller cap companies.

Stakeholder Impact

• Shareholders may be concerned about the sale of shares by a director and 10% owner, potentially leading to a decrease in stock price.
• The impact on other stakeholders is likely to be minimal.

Key Dates

Keywords

Form 4, Power of Attorney, Rule 10b5-1, Stock Sale, Insider Trading, Pro-Dex Inc., PDEX, Raymond Cabillot, Farnam Street Partners