Form 4: Teradata Corp Executive Sells Shares Under 10b5-1 Plan

Teradata Corporation's Chief Revenue Officer, Richard J. Petley, has sold a significant number of common shares under a pre-arranged trading plan.

Summary

• Richard J. Petley, Chief Revenue Officer of Teradata Corporation, sold 16,237 shares of common stock on June 1, 2026, at a price of $35 per share.
• An additional 990 shares were sold at a weighted average price of $35.0071, with individual sales ranging from $35.00 to $35.08.
• These transactions were executed as part of a Rule 10b5-1 trading plan adopted by Mr. Petley on December 5, 2025.
• Following these sales, Mr. Petley beneficially owns 189,561 shares of Teradata common stock directly.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the insider selling, even though it was conducted under a pre-arranged plan. The sale of a significant number of shares by a top executive can sometimes be interpreted as a bearish signal by the market.

Negatives

• Executive selling a notable number of shares, which could be perceived negatively by the market, although executed under a pre-planned strategy.

Risks

• The sale of shares by a key executive could be interpreted as a lack of confidence in the company's future performance, despite being part of a pre-established plan.
• Market perception of insider selling, even if planned, can negatively impact stock price.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it solely reports on past transactions.

Industry Context

StockSavvy.ai notes that insider selling, particularly under Rule 10b5-1 plans, is a common practice for executives to diversify holdings or manage personal finances. However, the volume and timing can still influence market sentiment for companies in the data analytics and cloud software sector.

Stakeholder Impact

• Shareholders: May perceive the executive's sale as a negative signal, potentially impacting short-term stock price, despite the Rule 10b5-1 plan. However, the plan itself is designed to mitigate concerns about insider trading.
• Employees: Similar to shareholders, employees holding stock options or shares may be influenced by the executive's selling activity.
• Management: The sale by the Chief Revenue Officer might raise questions about his personal conviction in the company's immediate prospects, though the plan structure is intended to prevent this.

Next Steps

• The reporting person will provide further information regarding the specific prices of shares sold if requested by the issuer, a security holder, or the SEC staff.

Key Dates

Keywords

Teradata Corporation, TDC, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Executive Compensation, Beneficial Ownership, Chief Revenue Officer