Form 4: Simulations Plus Director Daniel Weiner Sells 750 Shares
SEC Form 4
Director Daniel Weiner of Simulations Plus, Inc. sold 750 shares of common stock at $49.32 per share on June 28, 2024, according to a Form 4 filing.
Summary
- On June 28, 2024, Daniel L. Weiner, a director of Simulations Plus, Inc., sold 750 shares of the company's common stock.
- The sale was executed at a price of $49.32 per share.
- The transaction was conducted automatically under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Weiner directly owns 7,009 shares of Simulations Plus, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the insider planned the transaction in advance.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of the stock sale transaction. |
| 07/01/2024 | Date of signature on the Form 4 filing. |
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