Form 4: SLB CFO Sells 38,447 Shares in Pre-Planned Transaction

SLB's Executive Vice President and Chief Financial Officer, Stephane Biguet, sold 38,447 shares of common stock for approximately $1.41 million in a pre-arranged transaction.

Summary

• Stephane Biguet, Executive Vice President and Chief Financial Officer of SLB LIMITED/NV, reported the sale of 38,447 shares of SLB common stock.
• The transaction occurred on November 13, 2025, at a weighted average price of $36.75 per share.
• The total value of the shares sold is approximately $1,413,324.75.
• Following this transaction, Mr. Biguet beneficially owns 175,690 shares of SLB common stock.
• The sale was executed pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-scheduled transaction.

Sentiment

Score: 4

Explanation: The sale of shares by a key executive, even if pre-planned, can be perceived as a slightly negative signal by the market, reducing the executive's direct equity alignment with shareholders. However, the 10b5-1 plan mitigates some of the immediate negative implications.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, suggesting it was pre-planned and not a reaction to recent company performance or immediate future outlook.

Negatives

• An insider sale, particularly by a CFO, can sometimes be perceived negatively by the market as it reduces management's direct equity stake in the company.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not directly relate to broader industry trends or competitors, other than reflecting an individual executive's portfolio management within the energy services sector.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a slight negative signal, potentially influencing sentiment or short-term trading decisions.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares and prices at which the transaction was effected upon request to the SEC staff, the issuer, or security holders.

Key Dates

Recommendation

The sale of shares by a key executive, even if pre-planned under a Rule 10b5-1 plan, is generally not a positive signal. However, the pre-planned nature mitigates the immediate negative implications that might arise from an unplanned, opportunistic sale. Without additional context on the company's performance, industry outlook, or the executive's personal financial planning, this single transaction is insufficient to warrant a strong 'sell' recommendation. Investors should 'hold' and consider this information alongside broader fundamental analysis and market conditions.

Keywords

SLB, Schlumberger, insider trading, Form 4, stock sale, executive compensation, Stephane Biguet, CFO, 10b5-1 plan