Form 4: Qualys CFO Joo Mi Kim Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Joo Mi Kim, CFO of Qualys, Inc., sold 162 shares of common stock at an average price of $120.0415 on April 7, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On April 7, 2025, Joo Mi Kim, the Chief Financial Officer of Qualys, Inc., sold 162 shares of the company's common stock.
- The shares were sold at a weighted average price of $120.0415, with individual prices ranging from $120.00 to $120.08 per share.
- The transaction was executed under a Rule 10b5-1 trading plan adopted on August 21, 2024.
- Following the transaction, Kim directly owns 107,209 shares of Qualys common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. It doesn't indicate any specific positive or negative outlook for the company.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the executive is selling at predetermined times and prices to avoid any accusations of insider trading.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024/08/21 | Date of adoption of Rule 10b5-1 trading plan |
| 2025/04/07 | Date of stock sale transaction |
| 2025/04/08 | Date of Form 4 filing |
Keywords
Qualys, QLYS, Joo Mi Kim, CFO, stock sale, Form 4, 10b5-1 trading plan, insider trading
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