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

WideOpenWest's Chief Customer Experience Officer, Don Schena, sold 10,000 shares of common stock at an average price of $5.0034 per share under a pre-arranged trading plan.

Summary

• On May 3, 2024, Don Schena, Chief Customer Experience Officer of WideOpenWest, Inc. (WOW), sold 10,000 shares of WOW common stock.
• The sale was executed at a weighted average price of $5.0034 per share, with individual prices ranging from $5.00 to $5.015.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by Schena on November 11, 2023.
• Following the transaction, Schena directly owns 286,413 shares of WOW common stock.

Sentiment

Score: 5

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

Industry Context

Executive stock sales are a common occurrence and can be driven by various personal financial planning reasons. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time while avoiding concerns about insider trading.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates