Form 4: U-Haul Holding Co: Mark V. Shoen Sells Shares Under 10b5-1 Plan

Mark V. Shoen, a director and significant shareholder of U-Haul Holding Co, sold 12,500 shares of Series N Common Stock at a weighted average price of $65.0308, according to a Form 4 filing.

Summary

• Mark V. Shoen, a director of U-Haul Holding Co, reported the sale of 12,500 shares of Series N Common Stock on February 26, 2025.
• The shares were sold at a weighted average price of $65.0308, with individual transactions ranging from $65.00 to $65.0575.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 20, 2024.
• Following the transaction, Shoen directly owns 42,962 shares of Series N Common Stock and 4,770 shares of Common Stock.
• Shoen also has indirect beneficial ownership of millions of shares through various trusts and entities, including MVS-029 Trust, Willow Grove Holdings LP, Blackwater Investments, Inc., EJS-028 Trust, Shoen Family Revocable Trust, Clarendon Strategies, LLC and SAC Holding Corporation.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. It doesn't indicate positive or negative performance for the company.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on inside information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates