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 shares of common stock on August 5, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 5, 2024, Joo Mi Kim, the Chief Financial Officer of Qualys, Inc., sold shares of the company's common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on August 28, 2023.
- Four separate transactions were reported, with prices ranging from $131.89 to $135.6652 per share.
- A total of 616 shares were sold, resulting in a decrease in Kim's direct ownership of Qualys common stock.
- Following the reported transactions, Kim directly owns 87,077 shares of Qualys common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is 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 |
|---|---|
| 2023-08-28 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-08-05 | Date of stock sale transactions |
| 2024-08-07 | Date of Form 4 filing |
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