Form 4: Rambus Inc. Executive John Shinn Sells Shares Under 10b5-1 Trading Plan

John Shinn, SVP and General Counsel of Rambus Inc., sold 3,947 shares of common stock at an average price of $62.7055 on March 26, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 26, 2024, John Shinn, the SVP and General Counsel of Rambus Inc., sold 3,947 shares of the company's common stock.
• The sale was executed at a weighted average price of $62.7055 per share.
• The transactions occurred at prices ranging from $62.025 to $63.12.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 7, 2023.
• Following the transaction, Shinn directly owns 16,663 shares of Rambus Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of acting on non-public information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment.

Key Dates