Form 4: ReposiTrak CEO Randall Fields Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Randall K. Fields, CEO of ReposiTrak, Inc., sold shares of common stock on May 19 and May 20, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Randall K. Fields, the CEO of ReposiTrak, Inc. (TRAK), filed a Form 4 disclosing changes in beneficial ownership.
- On May 19, 2025, Fields sold 5,000 shares of common stock at a weighted average price of $22.4046 per share.
- On May 20, 2025, Fields sold 2,500 shares of common stock at a weighted average price of $22.3966 per share.
- The sales were executed under a Rule 10b5-1 trading plan adopted by Fields in his capacity as Trustee of the 2022 RK Fields Charitable Remainder Unitrust.
- The trading plan was established to meet some of his charitable commitments.
- Following these transactions, Fields directly owns 3,683,955 shares of common stock.
- Fields also indirectly owns shares through various entities, including RK Fields Charitable 2022, LLC (202,000 shares after the first transaction and 199,500 after the second), Riverview Financial Corp. (615,260 shares of common stock and 531,432 shares of Series B Preferred Stock), his spouse (30,667 shares of common stock and 12,322 shares of Series B Preferred Stock), and Fields Management, Inc. (333,643 shares).
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock sales under a pre-arranged plan. There is no indication of positive or negative implications for the company's performance.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of trading on inside information. The market typically views these sales in the context of the overall holdings of the insider and the reasons provided for the sale.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sale mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | CEO Randall K. Fields sold 5,000 shares of ReposiTrak common stock. |
| 05/20/2025 | CEO Randall K. Fields sold 2,500 shares of ReposiTrak common stock. |
| 05/21/2025 | Date of signature on the Form 4 filing. |
Keywords
ReposiTrak, Randall K. Fields, Form 4, share sale, Rule 10b5-1, beneficial ownership, TRAK
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