Form 4: Venu Holding Corp Director Sells Shares Under Pre-Arranged 10b5-1 Plan

Venu Holding Corp Director David Lavigne reported the sale of 8,825 shares of common stock in late June 2025 through a pre-arranged 10b5-1 trading plan.

Summary

• David Lavigne, a Director of Venu Holding Corp, reported two separate sales of common stock.
• On June 27, 2025, 6,435 shares of common stock were sold at a price of $11.34 per share.
• On June 30, 2025, an additional 2,390 shares of common stock were sold at a price of $11.32 per share.
• These transactions were executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following these transactions, David Lavigne directly beneficially owns 163,474 shares of common stock.
• An additional 6,514 shares of common stock are indirectly owned by Mr. Lavigne's spouse, with Mr. Lavigne disclaiming beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, but mitigated by the disclosure that the sales were pre-planned under a 10b5-1 plan, which suggests the sales were not based on new, non-public information.

Positives

• The transactions were conducted under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not based on new, non-public information, which enhances transparency.

Negatives

• A Director selling shares, even if pre-planned, can be perceived by the market as a reduction in insider confidence.
• A total of 8,825 shares of common stock were sold by the Director.

Risks

• Insider selling, even when pre-planned, can sometimes be misinterpreted by the market, potentially leading to negative sentiment or downward pressure on the stock price.

Future Outlook

No specific forward-looking statements or guidance are provided.

Management Comments

• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Mr. Lavigne disclaims beneficial ownership of the reported securities owned by his spouse except to the extent of his pecuniary interest therein.

Industry Context

This Form 4 filing is specific to Venu Holding Corp and its insider transactions, and does not provide broader industry trends or context.

Corporate Governance

Related Party Transactions

• 6,514 shares of common stock are indirectly owned by Mr. David Lavigne's spouse, which is disclosed as a related party holding.

Stakeholder Impact

• Shareholders may view the Director's sale of shares as a potential signal, which could influence their investment decisions, although the 10b5-1 plan mitigates some concerns.

Key Dates

Recommendation

Keywords

Venu Holding Corp, VENU, Form 4, insider trading, stock sale, director, David Lavigne, 10b5-1 plan, beneficial ownership