Form 4: Pro Dex Inc. Director Raymond E. Cabillot Sells Shares Under 10b5-1 Trading Plan

Raymond E. Cabillot, a director and 10% owner of Pro Dex Inc., sold 5,151 shares of common stock at $50 per share on March 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 14, 2025, Raymond E. Cabillot, a director and 10% owner of Pro Dex Inc. (PDEX), sold 5,151 shares of common stock.
• The sale was executed at a price of $50 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 20, 2024.
• Following the transaction, Cabillot directly owns no shares but indirectly owns 300,695 shares through Farnam Street Partners, L.P.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information at the time of the transaction. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates