Form 4: Carlyle Group Sells Additional Shares of QuidelOrtho Corp (QDEL) Under 10b5-1 Trading Plan

The Carlyle Group continues to reduce its stake in QuidelOrtho Corp (QDEL) through a series of sales executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• The Carlyle Group, a significant shareholder of QuidelOrtho Corp (QDEL), has reported the sale of shares of common stock.
• The sales occurred on July 18 and July 19, 2024.
• The transactions were executed under a Rule 10b5-1 trading plan adopted on May 12, 2024.
• On July 18, 2024, Carlyle sold 53,224 shares at a weighted average price of $33.4592, 32,989 shares at a weighted average price of $34.7526, and 15,657 shares at a weighted average price of $35.0852.
• On July 19, 2024, Carlyle sold 1,500 shares at $32.93, 21,182 shares at a weighted average price of $33.5406, and 42,954 shares at a weighted average price of $34.4528.
• Following these transactions, Carlyle's indirect beneficial ownership stands at 10,562,558 shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports transactions. The sales themselves could be viewed as slightly negative, but the existence of a 10b5-1 plan mitigates this.

Negatives

• Carlyle Group, a major shareholder, is reducing its position in QuidelOrtho, which could be perceived negatively by the market.

Risks

• Continued sales by Carlyle Group could put downward pressure on QuidelOrtho's stock price.
• The market may interpret these sales as a lack of confidence in the company's future prospects, regardless of the reason for the sales.

Future Outlook

The document does not provide a future outlook for QuidelOrtho Corp.

Industry Context

Share sales by major holders are common and can be for various reasons, including portfolio rebalancing or profit-taking. The impact on QuidelOrtho will depend on market perception and the overall health of the diagnostics industry.

Stakeholder Impact

• Shareholders may react to the news of Carlyle's share sales.
• The sales could potentially affect the stock price in the short term.

Key Dates