Form 4: Sempra Director Sells Shares Under 10b5-1 Plan

Sempra Director Kevin C. Sagara sold 28,864 shares of common stock on September 15, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Kevin C. Sagara, a Director of Sempra (SRE), reported the sale of 28,864 shares of common stock.
• The transactions occurred on September 15, 2025.
• The shares were sold in two separate blocks: 11,640 shares at a weighted average price of $83.76 and 17,224 shares at a weighted average price of $84.51.
• These sales were conducted pursuant to a Rule 10b5-1(c) trading plan established by Mr. Sagara on March 19, 2025.
• Following these transactions, Mr. Sagara directly beneficially owns 32,699.07 shares and indirectly owns 2,404.4654 shares through a 401(k) savings plan.

Sentiment

Score: 5

Explanation: Neutral. The filing reports an insider sale, which is often viewed cautiously, but the transaction was conducted under a pre-arranged 10b5-1 plan, indicating it was not opportunistic and was planned in advance.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned liquidity event rather than an opportunistic sale based on undisclosed material information.
• The filing demonstrates transparency in insider transactions, adhering to SEC regulations.

Negatives

• A director's sale of a significant number of shares (28,864 shares) could be perceived negatively by some investors, potentially signaling a lack of confidence, despite the 10b5-1 plan.

Risks

• Potential for negative market perception due to a director's sale of a substantial number of shares, even if pre-planned.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing pertains to an individual insider transaction and does not provide information related to broader industry trends or competitors.

Corporate Governance

Stakeholder Impact

• Shareholders may interpret the director's sale as a signal, potentially influencing their investment decisions, though the 10b5-1 plan mitigates immediate concerns of negative company-specific news.

Key Dates

Recommendation

The sale by Director Kevin C. Sagara was executed under a pre-arranged Rule 10b5-1 plan, suggesting a planned liquidity event rather than a reaction to new, negative information. While insider selling can sometimes be a bearish signal, the pre-planned nature mitigates immediate concerns. Investors should monitor future insider activity and company fundamentals rather than reacting solely to this planned transaction.

Keywords

Sempra, SRE, Form 4, insider trading, director, stock sale, 10b5-1 plan, common stock