Form 4: Varex Imaging Corp CEO Sanyal Sells Shares Under 10b5-1 Trading Plan

Varex Imaging Corp's CEO, Sunny Sanyal, sold 8,749 shares of common stock at $11.24 per share on April 2, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 2, 2025, Sunny Sanyal, the President and CEO of Varex Imaging Corp, sold 8,749 shares of VREX common stock.
• The sale was executed at a price of $11.24 per share.
• This transaction was conducted under a 10b5-1 trading plan adopted on December 20, 2024.
• Following the transaction, Sanyal directly owns 190,193 shares of Varex Imaging Corp.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was conducted under a pre-arranged trading plan and doesn't necessarily reflect a change in the insider's view of the company's prospects.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 trading plan allows insiders to sell shares without being accused of acting on non-public information. It is important to monitor insider transactions as they can provide insights into management's perspective on the company's valuation and future prospects. However, a single sale under a pre-arranged plan is not necessarily indicative of a negative outlook.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder confidence, but the existence of a 10b5-1 trading plan mitigates this concern.

Key Dates

Keywords

Varex Imaging Corp, VREX, Sunny Sanyal, Stock Sale, Form 4, 10b5-1 Trading Plan, Insider Trading