Form 4: SLB Executive Reports Pre-Planned Stock Sale

An SLB executive has reported a pre-planned sale of 60,000 shares of common stock at a weighted average price of $37.69 per share.

Summary

• Abdellah Merad, EVP, Core Services & Equipment at SLB LIMITED/NV (SLB), reported a transaction involving the company's common stock.
• The transaction, dated November 11, 2025, was a sale of 60,000 shares.
• The shares were sold at a weighted average price of $37.69 per share, with individual trades ranging from $37.68 to $37.73.
• This transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating it was pre-scheduled.
• Following this transaction, Abdellah Merad beneficially owns 159,371 shares of SLB common stock.
• The remaining beneficial ownership includes 321 shares acquired under the SLB discounted stock purchase plan for the period ended June 30, 2025.

Sentiment

Score: 5

Explanation: The filing reports a pre-planned insider stock sale, which is a routine event for personal financial management and does not inherently indicate positive or negative company performance or outlook.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, which suggests the sale was pre-scheduled for personal financial planning and not based on immediate, non-public information, mitigating potential negative interpretations of insider selling.

Negatives

• An executive selling a significant number of shares (60,000) could be perceived negatively by some investors, even if pre-planned, as it reduces the executive's direct equity stake in the company.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction, as it is solely an insider transaction report.

Management Comments

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

Industry Context

This Form 4 filing reports a routine insider stock transaction and does not inherently provide insights into broader industry trends or competitive landscape. Such transactions are common for executives managing personal portfolios.

Stakeholder Impact

• Shareholders: May view the sale as a routine personal financial management decision, especially given the 10b5-1 plan, but some might interpret it as a slight reduction in management's direct alignment with shareholder interests.
• Employees: No direct impact indicated by this filing.

Next Steps

• The reporting person is obligated to provide detailed information on the specific prices and number of shares for each trade upon request from the SEC staff, the issuer, or security holders.

Key Dates

Recommendation

The Form 4 reports a pre-planned insider sale of common stock, which is a routine event for personal financial management and does not provide sufficient new information to alter an investment recommendation for SLB. The transaction being under a Rule 10b5-1 plan suggests it is not based on new material non-public information.

Keywords

SLB, insider transaction, stock sale, Form 4, Abdellah Merad, 10b5-1 plan, beneficial ownership