Form 4: Qorvo SVP Steven Creviston Sells 6,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Steven Creviston, SVP at Qorvo, Inc., sold 6,000 shares of common stock on August 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Steven E. Creviston, SVP at Qorvo, Inc., reported the sale of company stock.
- On August 15, 2024, Creviston sold 3,000 shares of common stock at $110 per share and another 3,000 shares at $111 per share.
- The transactions were executed under a Rule 10b5-1 trading plan adopted on February 5, 2024.
- Following the reported transactions, Creviston beneficially owns 82,900 shares of Qorvo common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| February 5, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| August 15, 2024 | Date of the stock sale transactions |
| August 16, 2024 | Date of signature for the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.