Form 4: Qualys CEO Sumedh Thakar Executes Stock Option and Sells Shares Under 10b5-1 Plan

Qualys CEO Sumedh Thakar exercised stock options and sold shares of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 14, 2024, Sumedh S. Thakar, CEO and President of Qualys, Inc., executed a stock option to acquire 7,000 shares of common stock at a price of $25.56 per share.
• Simultaneously, Thakar sold 6,700 shares at a weighted average price of $136.2938, with prices ranging from $135.69 to $136.67 per share.
• An additional 300 shares were sold at a weighted average price of $136.83, with prices ranging from $136.81 to $136.85 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on February 28, 2024.
• Following these transactions, Thakar directly owns 186,601 shares of Qualys common stock and holds options for 122,000 shares.

Sentiment

Score: 5

Explanation: The document simply reports transactions; it's neutral in sentiment.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. The use of a 10b5-1 plan allows insiders to sell shares without being accused of acting on non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.
• The impact is likely minimal as the transactions were pre-planned.

Key Dates