Form 4: Simulations Plus Director Walter Woltosz and Virginia Woltosz Execute Stock Sales Under 10b5-1 Plan

Walter S. Woltosz and Virginia E. Woltosz, both listed as directors and 10% owners of Simulations Plus, Inc., executed multiple sales of common stock on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 1, 2024, Walter S. Woltosz and Virginia E. Woltosz, both directors and 10% owners of Simulations Plus, Inc. (SLP), sold shares of common stock.
• The sales were executed under a Rule 10b5-1 trading plan.
• Walter S. Woltosz sold 15,896 shares at an average price of $46.48, 3,504 shares at an average price of $47.47, and 600 shares at an average price of $48.41.
• Following these transactions, Walter S. Woltosz directly owns 3,540,857 shares of Simulations Plus, Inc.
• The sales were conducted in multiple transactions within specified price ranges.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports factual sales under a pre-arranged plan. The market reaction will depend on investor perception of the reasons behind the sales.

Risks

• Sales by significant shareholders like Walter S. Woltosz and Virginia E. Woltosz could exert downward pressure on the stock price.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information. However, the market may react to the news of significant sales by a director and 10% owner.

Stakeholder Impact

• Shareholders may react to the news of insider sales, potentially impacting the stock price.
• The sales themselves have a direct impact on the ownership structure of the company.

Key Dates