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

John Shinn, SVP and General Counsel of Rambus Inc., sold 3,949 shares of common stock at an average price of $58.8365 on March 19, 2024, under a pre-arranged trading plan.

Summary

• On March 19, 2024, John Shinn, the SVP and General Counsel of Rambus Inc., sold 3,949 shares of the company's common stock.
• The sale was executed at a weighted average price of $58.8365 per share.
• The transactions occurred at prices ranging from $58.12 to $59.43.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 7, 2023.
• Following the transaction, Shinn directly owns 20,610 shares of Rambus Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was part of a pre-planned trading plan and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Executive stock sales are a common occurrence and are often pre-planned using 10b5-1 trading plans to avoid accusations of insider trading. The market typically analyzes these sales in the context of the executive's overall holdings and the company's performance.

Key Dates