Form 4: ReposiTrak CEO Randall Fields Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
ReposiTrak's CEO, Randall K. Fields, executed sales of common stock on October 28 and 29, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Randall K. Fields, CEO of ReposiTrak, Inc., sold shares of common stock on October 28 and 29, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on June 26, 2024, to meet charitable commitments.
- On October 28, 2024, 2,500 shares were sold at a weighted average price of $19.3033, with prices ranging from $19.15 to $19.435.
- On October 29, 2024, 5,000 shares were sold at a weighted average price of $19.1224, with prices ranging from $19.10 to $19.17.
- Following these transactions, Fields directly owns 3,683,955 shares of common stock.
- Fields also indirectly owns shares through various entities, including The 2022 RK Fields Charitable Remainder Unitrust (210,000 shares), Riverview Financial Corp. (615,260 common shares and 531,432 Series B Preferred shares), his spouse (30,667 common shares and 12,322 Series B Preferred shares), and Fields Management, Inc. (533,643 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| June 26, 2024 | Date the Rule 10b5-1 trading plan was adopted by Randall K. Fields. |
| October 28, 2024 | Date of the first reported transaction: sale of 2,500 shares. |
| October 29, 2024 | Date of the second reported transaction: sale of 5,000 shares. |
| October 30, 2024 | Date of signature on the Form 4 filing. |
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