Form 4: Reliance COO Sells Shares in Pre-Planned Transaction

Reliance, Inc.'s Executive VP and COO, Stephen Paul Koch, sold 3,066 shares of common stock for approximately $869,000 through pre-arranged plans.

Summary

• Stephen Paul Koch, Executive VP and COO of Reliance, Inc., disposed of 3,066 shares of common stock on December 1, 2025.
• The sales were executed in three separate transactions at weighted average prices ranging from $283.26 to $285.32 per share.
• The total value of the shares sold amounts to approximately $869,000.
• Following these transactions, Mr. Koch directly holds 14,021 shares of common stock.
• Additionally, Mr. Koch indirectly holds 747 shares through the Reliance, Inc. Employee Stock Ownership Plan and 1,136 shares through the Reliance, Inc. 401(k) Plan.
• The transactions were made pursuant to a Rule 10b5-1 pre-arranged trading plan.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to an executive selling shares, although the impact is mitigated by the transaction being part of a pre-planned 10b5-1 program, suggesting it's not a reactive sale based on new information.

Negatives

• An executive's sale of a significant number of shares, even if pre-planned, could be perceived by some investors as a reduction in direct exposure to the company's equity.

Risks

• Investor perception risk: While the sale was pre-planned under Rule 10b5-1, some investors might interpret insider selling as a signal of reduced confidence in the company's near-term prospects, potentially leading to negative sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing reports an individual executive's stock transaction and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may observe the reduction in direct holdings by a key executive, which could influence their perception of insider confidence, despite the pre-planned nature of the sale.

Key Dates

Keywords

Reliance Inc., RS, Insider Trading, Form 4, Stock Sale, Executive Compensation, Stephen Paul Koch, 10b5-1 Plan