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 a portion of his holdings under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Walter S. Woltosz, a director and 10% owner of Simulations Plus, Inc. (SLP), sold shares of common stock on March 1, 2024.
• The sales were executed automatically under a Rule 10b5-1 plan.
• A total of 17,600 shares were sold at an average price of $41.37.
• An additional 2,400 shares were sold at an average price of $41.72.
• Following these transactions, Woltosz directly owns 3,620,195 shares of Simulations Plus, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by a company insider. The sales were pre-planned under a 10b5-1 plan, suggesting no immediate negative implications for the company's prospects.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 plan provides a structured approach to these transactions.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• However, given the pre-planned nature of the sales under a 10b5-1 plan, the impact is likely to be limited.

Key Dates