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 directors and 10% owners of Simulations Plus, Inc., sold shares of common stock on April 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2024, Walter S. Woltosz and Virginia E. Woltosz, both directors and 10% owners of Simulations Plus, Inc. (SLP), executed sales of the company's common stock.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan.
• Walter S. Woltosz sold 19,410 shares at an average price of $39.91 and 590 shares at an average price of $41.04.
• Following these transactions, Walter S. Woltosz beneficially owns 3,600,195 shares of Simulations Plus, Inc.
• The sales were executed in multiple transactions within specified price ranges, as detailed in the footnotes of the Form 4 filing.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports stock sales under a pre-arranged plan, which doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Sales by insiders are a common occurrence, but are closely watched by investors for signals about the company's prospects. Sales under a 10b5-1 plan are generally viewed as less indicative of insider sentiment, as these plans are pre-arranged and often used for diversification or estate planning purposes.

Stakeholder Impact

• The stock sales could potentially create downward pressure on the stock price in the short term, impacting shareholders.
• However, sales under a 10b5-1 plan are generally viewed as less significant.

Key Dates