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 3,096 shares of common stock at a weighted average price of $50.13, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 26, 2025, Raymond E. Cabillot, a director and 10% owner of Pro Dex Inc. (PDEX), sold 3,096 shares of common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 20, 2024.
• The shares were sold at a weighted average price of $50.13, with individual transactions ranging from $50.00 to $50.75.
• Following the transaction, Cabillot directly owns no shares and indirectly owns 279,787 shares through Farnam Street Partners, L.P.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for corporate insiders to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on material non-public information.

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

Keywords

Form 4, PDEX, Pro Dex Inc, Raymond E. Cabillot, Farnam Street Partners, Rule 10b5-1, Insider Trading, Share Sale, Director, 10% Owner