Form 4: Simulations Plus Director Walter Woltosz Sells 20,000 Shares

Walter Woltosz, a director and 10% owner of Simulations Plus, Inc., sold 20,000 shares of common stock on October 1, 2024, at an average price of $31.26, pursuant to a Rule 10b5-1 plan.

Summary

• On October 1, 2024, Walter Woltosz, a director and 10% owner of Simulations Plus, Inc., sold 20,000 shares of common stock.
• The sales were executed automatically under a pre-arranged Rule 10b5-1 trading plan.
• The shares were sold at prices ranging from $30.96 to $31.54.
• Following the transaction, Walter Woltosz directly owns 3,481,592 shares of Simulations Plus, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction. The sale was pre-planned under a 10b5-1 plan, suggesting it's not necessarily indicative of the director's view on the company's future prospects.

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 sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a director could potentially create short-term selling pressure on the stock.
• However, the existence of a 10b5-1 plan mitigates concerns that the sale is based on negative insider information.

Key Dates