Form 4: Simulations Plus Directors Woltosz Sell Shares 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 September 3, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Walter S. Woltosz and Virginia E. Woltosz, who are both directors and 10% owners of Simulations Plus, Inc. (SLP), reported sales of common stock on September 3, 2024.
• The sales were executed automatically under a Rule 10b5-1 plan previously adopted by the reporting persons.
• Walter S. Woltosz sold 18,042 shares at an average price of $35.13 and 1,958 shares at an average price of $35.68.
• Following these transactions, Walter S. Woltosz directly owns 3,501,592 shares of Simulations Plus, Inc.
• The price range for the first sale was $34.64 to $35.63, and the price range for the second sale was $35.64 to $35.72.
• Daniel Hoeft, attorney-in-fact, signed the Form 4 on behalf of both Walter S. Woltosz and Virginia E. Woltosz.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting insider sales under a pre-arranged 10b5-1 plan. It doesn't inherently convey positive or negative sentiment, but insider sales can sometimes be perceived negatively by the market.

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 informative because they are pre-arranged.

Stakeholder Impact

• The stock sale by a director and 10% owner could potentially influence investor sentiment.

Key Dates