Form 4: ReposiTrak CEO Randall K. Fields Sells Shares Under 10b5-1 Trading Plan

ReposiTrak CEO Randall K. Fields sold 7,500 shares of common stock at an average price of $21.6946, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Randall K. Fields, CEO of ReposiTrak, Inc., executed a sale of 7,500 common stock shares on January 21, 2025.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• The average price per share was $21.6946, with individual transactions ranging from $21.46 to $21.895.
• The shares were sold from the RK Fields Charitable 2022, LLC, of which Mr. Fields is the managing member.
• Following the transaction, Mr. Fields directly owns 3,683,955 common shares and indirectly owns shares through various entities.
• Mr. Fields also indirectly owns Series B Preferred Stock through Riverview Financial Corp and his spouse.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider transaction, which is neither positive nor negative in itself. The sale is part of a pre-arranged plan.

Management Comments

• The trading plan was established to enable the Reporting Person to meet some of his charitable commitments.

Industry Context

This is a routine filing for insider transactions and is common for executives who use 10b5-1 plans for pre-planned sales.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among corporate executives to avoid accusations of insider trading.
• The reported transaction is typical for executives managing their personal finances and charitable giving.
• Similar filings are regularly seen across various companies and industries when executives sell shares.

Stakeholder Impact

• The share sale may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

ReposiTrak, Randall K. Fields, insider trading, Form 4, 10b5-1 trading plan, share sale, executive, charitable