Form 4: Ross Stores COO Michael Hartshorn Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Michael Hartshorn, COO of Ross Stores, Inc., sold shares of common stock on March 24 and 25, 2025, under a pre-established 10b5-1 trading plan.
Summary
- Michael J. Hartshorn, the Group President and COO of Ross Stores, Inc., reported the sale of company stock.
- On March 24, 2025, he sold 7,492 shares at a price of $127.691 per share.
- On March 25, 2025, he sold 10,258 shares at a weighted average price of $129.0953 per share, with individual sales ranging from $128.585 to $129.67.
- These transactions were executed under a pre-established 10b5-1 trading plan adopted on September 30, 2024.
- Following these sales, Hartshorn directly owns 128,833 shares of Ross Stores, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock sales by an executive, which is neither particularly positive nor negative. The use of a 10b5-1 plan suggests the sales were pre-planned.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of pre-established 10b5-1 Plan |
| 03/24/2025 | Date of first transaction: Sale of 7,492 shares |
| 03/25/2025 | Date of second transaction: Sale of 10,258 shares |
| 03/26/2025 | Date of signature on the Form 4 filing |
Keywords
Ross Stores, ROST, Michael Hartshorn, Stock Sale, Form 4, 10b5-1 Plan, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.