Form 4: SolarWinds EVP Andrea Webb Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Andrea Webb, EVP and Chief Customer Officer of SolarWinds, sold 51,245 shares of common stock at $13 per share on October 31, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On October 31, 2024, Andrea Webb, the EVP and Chief Customer Officer of SolarWinds Corp, sold 51,245 shares of common stock.
- The sale was executed at a price of $13 per share.
- The transaction was conducted under a 10b5-1 trading plan adopted on May 22, 2024.
- Following the transaction, Webb directly owns 654,190 shares of SolarWinds common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a direct reflection on the company's prospects. The use of a 10b5-1 trading plan suggests the sale was pre-planned.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, although the use of a 10b5-1 plan suggests it was pre-planned and not based on current company performance.
Key Dates
| Date | Description |
|---|---|
| May 22, 2024 | Date the reporting person adopted the 10b5-1 trading plan |
| October 31, 2024 | Date of the stock sale transaction |
| November 04, 2024 | Date of the signature on the Form 4 filing |
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