Form 4: USA Compression Partners Director Sells Common Units
SEC Form 4 Filing
Eric D. Long, a director and officer of USA Compression Partners, sold common units through the Alex B Long Trust.
Summary
- On August 23, 2024, Eric D. Long sold 21,396 common units at a weighted average price of $22.27.
- The sales occurred within a price range of $22.15 to $22.52.
- On August 26, 2024, he sold 1,786 common units at $22.81.
- These sales were conducted through the Alex B Long Trust.
- Long also indirectly owns common units through the Adam Ericson Long Trust and Aladdin Partners, L.P.
- He directly owns 307,026 common units.
- He indirectly owns 33,182 common units through the Adam Ericson Long Trust and 17,592 common units through Aladdin Partners, L.P.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider selling. The sentiment is neutral as it simply reports transactions without expressing any opinion on the company's performance or future prospects.
Industry Context
Sales of shares by company insiders are a common occurrence and are closely watched by investors for signals about the company's prospects. It is important to consider the context of these sales, such as the overall trading volume and the insider's remaining holdings.
Stakeholder Impact
- Shareholders may react to the insider selling, potentially impacting the stock price.
- The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal.
Key Dates
| Date | Description |
|---|---|
| April 17, 2007 | Date of agreements for Alex B Long Trust and Adam Ericson Long Trust. |
| 08/23/2024 | Date of sale of 21,396 common units. |
| 08/26/2024 | Date of sale of 1,786 common units. |
| 08/27/2024 | Date of signature on the Form 4. |
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