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., and 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., reported sales of PDEX common stock.
• The sales were executed on March 24 and March 25, 2025, under a Rule 10b5-1 trading plan adopted on September 20, 2024.
• On March 24, 2025, 2,784 shares were sold at a weighted average price of $50.
• On March 25, 2025, 12,475 shares were sold at a weighted average price of $50.25, and 452 shares were sold at a weighted average price of $51.08.
• Following these transactions, Farnam Street Partners, L.P. beneficially owns 282,883 shares of Pro Dex Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were pre-planned sales under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
• The impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates

Keywords

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