Form 4: Pro Dex Inc. Director and 10% Owner, Raymond E. Cabillot, Sells Shares

Raymond E. Cabillot, a director and 10% owner of Pro Dex Inc., sold shares of common stock on March 10 and 11, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Raymond E. Cabillot, a director and 10% owner of Pro Dex Inc. (PDEX), reported the sale of common stock.
• The sales were executed on March 10 and 11, 2025.
• The transactions were made pursuant to a Rule 10b5-1 trading plan adopted on September 20, 2024.
• On March 10, 2025, 7,674 shares were sold at $45 per share.
• On March 11, 2025, 5,132 shares were sold at a weighted average price of $45.06, with individual transactions ranging from $45.00 to $45.25.
• Following these transactions, Farnam Street Partners, L.P. beneficially owns 305,846 shares.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the sales are pre-planned under a 10b5-1 plan, insider selling can sometimes be perceived negatively by the market.

Industry Context

Sales by company insiders are routinely monitored by investors as they can provide signals about management's perspective on the valuation and prospects of the company. However, sales under 10b5-1 plans are less informative because they are pre-scheduled.

Stakeholder Impact

• Shareholders may react to the news of insider selling, although the impact may be mitigated by the fact that the sales were pre-planned.

Key Dates