Form 4: Rambus Inc. CEO Luc Seraphin Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Rambus Inc. CEO Luc Seraphin sold 15,000 shares of common stock on March 19, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Luc Seraphin, the President and CEO of Rambus Inc., sold 15,000 shares of common stock on March 19, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 13, 2023.
- 5,000 shares were sold at a weighted average price of $58.3483, with individual prices ranging from $57.37 to $59.46.
- 10,000 shares were sold at a weighted average price of $58.3569, with individual prices ranging from $57.33 to $59.46.
- Following the transactions, Seraphin directly owns 274,755 shares of Rambus Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to insider trading. The sentiment is neutral as it simply reports transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 11/13/2023 | Date of adoption of the Rule 10b5-1 trading plan |
| 03/19/2024 | Date of stock sale transactions |
| 03/20/2024 | Date of Form 4 filing |
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