Form 4: Simulations Plus Director Walter Woltosz Sells Shares Under 10b5-1 Plan

Walter Woltosz, a director and 10% owner of Simulations Plus, Inc., sold shares of common stock on January 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 2, 2025, Walter S. Woltosz, a director and 10% owner of Simulations Plus, Inc. (SLP), sold 19,900 shares of common stock at prices ranging from $27.50 to $28.46 per share.
• An additional 100 shares were sold at $28.50 per share on the same day.
• The sales were executed automatically under a Rule 10b5-1 plan previously adopted by the reporting persons.
• Following these transactions, Walter Woltosz directly owns 3,422,584 shares of Simulations Plus, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan, which doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sale by a major shareholder could create short-term selling pressure on the stock.
• However, the existence of a 10b5-1 plan mitigates concerns that the sales are based on inside information.

Key Dates