Steven Blum Reports 27,249 ADSK Share Disposals at ~$322-$325
Rhea-AI Filing Summary
Autodesk insider sale summary: Steven M. Blum, EVP and Chief Operating Officer of Autodesk, reported multiple open-market dispositions of common stock effected on 09/05/2025 under a trading plan adopted 06/05/2025. The Form 4 lists aggregated disposals of 27,249 shares across four separate sales with average weighted prices ranging from $322.51 to $325.03 per share. After these transactions the reporting persons beneficial ownership positions are reported as 30,249; 24,985; 13,619; and 13,099 shares in various lines, and the total beneficially owned includes 26,601 unvested Restricted Stock Units. The filings state the sold shares are held in the BLUM FAMILY DECL. TR U/A/D 4/20/06, where Mr. Blum is a trustee and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- Transactions executed under a Rule 10b5-1(c) trading plan, indicating pre-established trading instructions
- Detailed price ranges and willingness to provide granular sale-by-sale data improve transparency
- Full disclosure of Family Trust holdings and trustee role, clarifying indirect ownership
Negative
- Insider disposals total 27,249 shares, which reduces the reporting persons reported beneficial positions
- Significant unvested equity (26,601 RSUs) remains outstanding, representing potential future dilution or alignment considerations
Insights
TL;DR: Insider sales totaling 27,249 shares were executed under a pre-established trading plan, with ownership disclosure including 26,601 unvested RSUs.
The Form 4 shows compliance with Rule 10b5-1(c) procedures via a trading plan adopted 06/05/2025, which gives these disposals a procedural context rather than ad-hoc trading. The disclosure provides average weighted prices for the tranches and identifies the Family Trust as the repository for many shares, where Mr. Blum serves as trustee and disclaims beneficial ownership except for his pecuniary interest. Material for governance review are the size of the sales relative to total holdings and the continued grant exposure of 26,601 unvested RSUs, which may affect future dilution and alignment incentives.
TL;DR: Multiple sales executed at prices between $321.905 and $325.16 reduced reported beneficial positions; transactions were pre-planned and fully disclosed.
The transaction footnotes provide detailed price ranges and state the filer will supply granular price/quantity breakdowns on request, enhancing transparency. The reported disposals reduce direct/indirect holdings reported on the Form 4; however, the existence of substantial unvested RSUs keeps the reporting person materially tied to company performance. From a trading-materiality standpoint, the report is routine and properly documented.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,270 | $322.51 | $1.70M |
| Sale | Common Stock | 5,264 | $323.44 | $1.70M |
| Sale | Common Stock | 11,366 | $324.41 | $3.69M |
| Sale | Common Stock | 520 | $325.03 | $169K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported in this form were effected pursuant to a Rule 105b-1 trading plan adopted by the reporting person on 06/05/2025. Shares were sold in various amounts from $321.905 to $322.88 inclusive. The price listed here reflects the average weighted price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The shares are held by the BLUM FAMILY DECL. TR U/A/D 4/20/06 (the "Family Trust"). The reporting person is a trustee of the Family Trust. The reporting person disclaims beneficial ownership of the shares held by the Family Trust except to the extent of his proportionate pecuniary interest therein. Shares were sold in various amounts from $322.90 to $323.84 inclusive. The price listed here reflects the average weighted price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Shares were sold in various amounts from $323.94 to $324.92 inclusive. The price listed here reflects the average weighted price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Shares were sold in various amounts from $325.00 to $325.16 inclusive. The price listed here reflects the average weighted price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The total securities beneficially owned includes 26,601 shares of unvested Restricted Stock Units.
