Form 4: Texas Roadhouse Director Sells Shares Under 10b5-1 Plan

Texas Roadhouse Director Gregory N. Moore sold 1,400 shares of common stock at $170 per share under a pre-arranged Rule 10b5-1 plan.

Summary

• Director Gregory N. Moore of Texas Roadhouse, Inc. (TXRH) sold 1,400 shares of common stock.
• The transaction occurred on December 3, 2025, at a price of $170 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan.
• Following the reported transaction, Moore's indirect beneficial ownership through the Moore Family Trust stands at 32,150 shares of common stock.
• Moore also holds 1,700 Restricted Stock Units (RSUs) which are scheduled to vest on January 8, 2026, with shares to be delivered on that date subject to continued service.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction under a Rule 10b5-1 plan, which is generally considered neutral as it indicates a pre-scheduled sale rather than a reaction to new information.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than a reaction to immediate market conditions or non-public information.

Negatives

• An insider sale, even if pre-planned, reduces the direct equity stake of a director in the company.

Future Outlook

The reporting person is expected to receive 1,700 shares of common stock on January 8, 2026, upon the vesting of Restricted Stock Units, contingent on continued service with the company.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide information directly related to broader industry trends or competitive landscape for the restaurant sector.

Related Party Transactions

• The reporting person is the co-trustee of the Moore Family Trust, which indirectly holds 32,150 shares of common stock. The reporting person disclaims beneficial ownership of portions of these shares where there is no actual pecuniary interest.

Stakeholder Impact

• Shareholders: A director's sale, even if pre-planned, slightly reduces insider ownership, which some investors monitor as a signal of confidence.

Next Steps

• Delivery of 1,700 shares of common stock to the reporting person on January 8, 2026, upon vesting of Restricted Stock Units.

Key Dates

Keywords

Texas Roadhouse, TXRH, insider trading, Form 4, stock sale, director, equity, beneficial ownership, Rule 10b5-1, restricted stock units