Form 4: Silvercrest Asset Management Group Inc. Executive Acquires Shares Under 10b5-1 Trading Plan

John Allen Gray, a Managing Director at Silvercrest Asset Management Group Inc., purchased 3,135 shares of Class A common stock at an average price of $15.84 under a pre-arranged trading plan.

Summary

• On March 13, 2024, John Allen Gray, a Managing Director at Silvercrest Asset Management Group Inc. (SAMG), acquired 3,135 shares of Class A common stock.
• The shares were purchased at a weighted average price of $15.84, with individual transaction prices ranging from $15.83 to $15.92.
• This transaction was executed under a Rule 10b5-1 trading plan adopted on December 6, 2023.
• Following the transaction, Gray directly owns 21,110 shares of Silvercrest Asset Management Group Inc.
• The reporting person has undertaken to provide detailed information regarding the number of shares transacted at each separate price upon request.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. An executive purchasing shares under a pre-arranged plan is generally viewed as a positive sign, indicating confidence in the company's future, but it's a routine transaction.

Positives

• The purchase indicates the executive's confidence in the company's prospects.
• The use of a 10b5-1 trading plan suggests a structured and pre-planned approach to stock transactions, mitigating concerns about insider trading.

Industry Context

Executive stock purchases are common in the asset management industry and are often seen as a sign of confidence in the company's future performance. The use of a 10b5-1 trading plan is a standard practice to avoid insider trading concerns.

Comparison to Industry Standards

• Comparing this transaction to similar insider purchases at firms like BlackRock, Franklin Resources, or T. Rowe Price would require analyzing the size of the purchase relative to the executive's holdings and the company's market capitalization.
• Generally, insider purchases are viewed positively, especially when executed under pre-arranged trading plans, as they demonstrate a commitment to the company's long-term success.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders, as it signals confidence from a company executive.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.

Key Dates