Form 4: Pro Dex Inc. Director Raymond E. Cabillot and Farnam Street Partners, L.P. Execute Stock Sales Under 10b5-1 Plan

Raymond E. Cabillot, a director and 10% owner of Pro Dex Inc., along with Farnam Street Partners, L.P., executed sales of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Raymond E. Cabillot, a director and 10% owner of Pro Dex Inc. (PDEX), and Farnam Street Partners, L.P., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involved the sale of Pro Dex Inc. common stock.
• On March 19, 2025, 1,000 shares were sold at $50 per share.
• On March 20, 2025, 1,101 shares were sold at $50 per share.
• These sales were executed under a Rule 10b5-1 trading plan adopted on September 20, 2024.
• Following these transactions, Farnam Street Partners, L.P. beneficially owns 298,594 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged plan. There is no indication of positive or negative implications for the company.

Industry Context

Sales by insiders are common and can be for a variety of reasons, including diversification, tax planning, or personal expenses. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

Form 4, Beneficial Ownership, PDEX, Pro Dex Inc, Cabillot, Farnam Street Partners, Rule 10b5-1, Stock Sale, Director, 10% Owner