Form 4: ProDex Inc. Director and 10% Owner, Raymond E. Cabillot, Executes Stock Sales Under 10b5-1 Plan

Raymond E. Cabillot, a director and 10% owner of ProDex Inc., sold shares of common stock through a pre-arranged 10b5-1 trading plan.

Summary

• Raymond E. Cabillot, a director and 10% owner of ProDex Inc., executed multiple sales of common stock.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 20, 2024.
• The transactions occurred between January 21, 2025 and January 22, 2025.
• The sales were made both directly and indirectly through Farnam Street Partners, L.P.
• A total of 9,192 shares were sold directly by Mr. Cabillot.
• The sales prices ranged from $41.66 to $46.62 per share.
• The weighted average prices for the sales were $44.71, $46.06, $42.02, $43.02 and $44.50 per share.
• Following these transactions, Mr. Cabillot indirectly owns 345,481 shares through Farnam Street Partners, L.P.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity under a pre-arranged plan, which is neither particularly positive nor negative.

Risks

• The sales by a director and 10% owner could be perceived negatively by the market.
• The stock price may be affected by the increased supply of shares.

Industry Context

Insider trading activity is a common occurrence and is closely monitored by regulators and investors. The use of a 10b5-1 plan is a common way for insiders to sell shares without being accused of trading on non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to manage their stock holdings.
• The reported sales are within the typical range of insider transactions.
• Comparable companies often see similar filings from their directors and major shareholders.

Stakeholder Impact

• Shareholders may react to the sales, potentially impacting the stock price.
• The sales do not directly impact employees, customers, or suppliers.

Key Dates

Keywords

Form 4, insider trading, stock sales, Rule 10b5-1, ProDex Inc, PDEX, Raymond E. Cabillot, Farnam Street Partners