Form 4: Pulmonx Director Glendon E. French III Sells 20,000 Shares

Director Glendon E. French III of Pulmonx Corp sold 20,000 shares of common stock on October 17, 2024, at a weighted average price of $6.52.

Summary

• On October 17, 2024, Glendon E. French III, a director of Pulmonx Corp, sold 20,000 shares of common stock.
• The sale was executed at a weighted average price of $6.52 per share.
• The transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on June 10, 2024.
• Following the transaction, French directly owns 1,091,974 shares of Pulmonx Corp.
• The price range for the shares sold was between $6.50 and $6.73.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect the director's current outlook on the company.

Industry Context

Sales by company insiders are a common occurrence and are closely watched by investors for signals about the company's prospects; however, sales under 10b5-1 plans are less likely to be indicative of the insider's view of the company's prospects.

Stakeholder Impact

• The sale of shares by a director could create short-term uncertainty among shareholders.

Key Dates