Form 4: Select Water Solutions EVP, COO Michael Skarke Sells Shares
SEC Form 4
Michael Skarke, EVP and COO of Select Water Solutions, Inc., sold 13,421 shares of Class A Common Stock at an average price of $9.78 on May 13, 2024.
Summary
- On May 13, 2024, Michael Skarke, the EVP and COO of Select Water Solutions, Inc., sold 13,421 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $9.78, with individual trades ranging from $9.77 to $9.80.
- Following the transaction, Skarke directly owns 380,981 shares of Select Water Solutions, Inc.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard Form 4 filing reporting an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Michael Skarke sold shares of Select Water Solutions, Inc. |
| 05/14/2024 | Date of report: Form 4 filing date. |
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