Form 4: WideOpenWest Executive Don Schena Sells 10,000 Shares Under 10b5-1 Plan

WideOpenWest's Chief Customer Experience Officer, Don Schena, sold 10,000 shares of common stock on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Don Schena, Chief Customer Experience Officer of WideOpenWest, Inc. (WOW), reported the sale of 10,000 shares of common stock on August 1, 2024.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 11, 2023.
• The shares were sold at a weighted average price of $5.2922, with individual prices ranging from $5.235 to $5.46 per share.
• Following the transaction, Schena directly owns 276,413 shares of WideOpenWest common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale by an executive under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the executive is selling shares in a pre-planned manner to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates