Form 4: Vitesse Energy VP Sells Shares Under 10b5-1 Plan

Mike Morella, VP and Chief Accounting Officer of Vitesse Energy, sold 8,143 shares of common stock at an average price of $26.6944 under a pre-arranged 10b5-1 trading plan.

Summary

• Mike Morella, the VP and Chief Accounting Officer of Vitesse Energy, sold 8,143 shares of the company's common stock on January 14, 2025.
• The sale was executed under a pre-established 10b5-1 trading plan.
• The average price per share was $26.6944, with individual transactions ranging from $26.58 to $26.90.
• The sale was conducted to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Morella directly owns 81,615 shares of Vitesse Energy common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing for insider transactions and is common for executives who have stock-based compensation. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any new material non-public information.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are common across the industry, including companies like Devon Energy and EOG Resources, where similar filings are regularly seen.
• The price range of $26.58 to $26.90 is within the typical trading range for Vitesse Energy's stock, indicating no unusual market activity.
• The volume of shares sold is relatively small compared to the total outstanding shares, suggesting a limited impact on the overall market.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it is a small transaction by an executive under a pre-arranged plan.

Key Dates

Keywords

Vitesse Energy, insider trading, Form 4, 10b5-1 plan, stock sale, equity securities, Mike Morella