Form 4: Tucows CEO Elliot Noss Sells Shares Under 10b5-1 Trading Plan

Tucows CEO Elliot Noss sold 7,800 shares of common stock at an average price of $21.98 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 20, 2024, Elliot Noss, the CEO of Tucows Inc., sold 7,800 shares of the company's common stock.
• The sale was executed at an average price of $21.98 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 15, 2023.
• Following the transaction, Noss directly owns 503,258 shares.
• Noss also indirectly owns shares through various accounts, including an RRSP (114,670 shares), a TFSA (1,639 shares), a US Retirement Savings Account (6,000 shares), and shares held by his spouse (2,470 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates