Form 4: Revvity Director Alexis P. Michas Reports Sale of Common Stock

Director Alexis P. Michas reported the sale of 850 shares of Revvity, Inc. common stock at an average price of $118.62 on August 15, 2024.

Summary

• On August 15, 2024, Alexis P. Michas, a director of Revvity, Inc., sold 850 shares of common stock at a weighted average price of $118.62.
• The sale was executed at prices ranging from $118.60 to $118.76.
• Following the transaction, Michas directly owns 58,203 shares of common stock.
• Michas also indirectly owns 7,770 shares through The Cayre and Alexis Michas Foundation Corp. and 500 shares through a spouse's IRA.
• The filing indicates that Michas disclaims beneficial ownership of the shares held by the foundation, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders if they interpret it as a lack of confidence in the company's future, although this is a relatively small transaction.

Key Dates