ACNT Form 4: Director Christopher Hutter disposes 40,000 shares
Rhea-AI Filing Summary
Ascent Industries director Christopher Gerald Hutter reported a sale of 40,000 shares of Ascent Industries Co. (ACNT) on 08/22/2025 at a weighted average price of $12.11 per share (trades ranged from $11.75 to $12.29). After the reported disposition, the reporting person beneficially owns 318,320 shares indirectly through a revocable trust. The Form 4 notes the price is a weighted average across multiple transactions and the reporter will provide per-price breakdowns on request.
Positive
- None.
Negative
- Director disposed of 40,000 shares on 08/22/2025, which is a material insider sale disclosed on Form 4
- Weighted-average sale price was $12.11 (trades ranged $11.75–$12.29), indicating multiple transactions rather than a single block sale
Insights
TL;DR: Director sold a block of shares but retains significant indirect holdings through a revocable trust.
The filing documents a routine insider sale by a director totaling 40,000 shares at a weighted average of $12.11. The report identifies the remaining beneficial ownership as 318,320 shares held indirectly via a revocable trust, which indicates continued exposure to the company rather than a full divestiture. The sale prices spanned $11.75 to $12.29, and the filer offers to disclose the per-price breakdown on request. From a governance perspective, this is a transparent Section 16 disclosure consistent with regulatory requirements.
TL;DR: Insider reported a weighted-average sale; transaction is disclosed but contains no additional operational or financial information.
The Form 4 indicates a disposal (transaction code S) of 40,000 common shares on 08/22/2025 with a weighted-average price of $12.11. The report does not include any derivative transactions or other changes. Because the filing only documents an equity sale and the reporter still beneficially owns 318,320 shares indirectly, the item is informational for market transparency but does not by itself reveal company performance or material corporate events.