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 shares of common stock on August 22 and 23, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Andrea Webb, the EVP and Chief Customer Officer of SolarWinds, reported the sale of SolarWinds common stock.
- The sales occurred on August 22 and August 23, 2024.
- A total of 1,404 shares were sold on August 22 at a weighted average price of $12.52.
- On August 23, 57,899 shares were sold at a price of $12.50.
- These transactions were executed under a 10b5-1 trading plan adopted on May 22, 2024.
- Following these transactions, Andrea Webb directly owns 705,435 shares of SolarWinds common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the stock sales were conducted under a pre-arranged 10b5-1 trading plan, indicating a planned transaction rather than a reaction to current company performance.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often part of pre-arranged trading plans to diversify personal holdings or for other financial planning purposes.
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.
- The impact on employees, customers, suppliers, and creditors is expected to be minimal.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date the reporting person adopted the 10b5-1 trading plan |
| 08/22/2024 | Date of first reported transaction: sale of 1,404 shares at $12.52 |
| 08/23/2024 | Date of second reported transaction: sale of 57,899 shares at $12.50 |
| 08/26/2024 | Date of report filing |
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