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

Tucows CEO Elliot Noss sold a portion of his common stock holdings on May 8th and 9th, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Elliot Noss, the CEO of Tucows Inc., sold 1,600 shares of common stock on May 8, 2025, at a price of $17.3 per share.
• He then sold an additional 100 shares on May 9, 2025, at a price of $17.69 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on September 15, 2023.
• Following these sales, Noss directly owns 458,798 shares of Tucows common stock.
• He also has indirect ownership 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 stock sales by an insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

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

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• However, given the relatively small number of shares sold compared to the total outstanding, the impact is likely to be minimal.

Key Dates

Keywords

Tucows, Elliot Noss, stock sale, Form 4, Rule 10b5-1, CEO, TCX