Anterix (NASDAQ: ATEX) director unloads 46K shares around $90
Rhea-AI Filing Summary
Anterix Inc. (ATEX) director William Heard, through entities associated with Heard Capital LLC, reported a sale of 46,400 shares of Common Stock on 2026-08-14. The weighted average sale price was $90.1098 per share, with individual trades executed between $89.9942 and $90.115. After this transaction, investment funds and/or accounts for which Heard Capital LLC serves as investment manager held 1,670,338 shares reported as indirect ownership, and 9,365 shares were reported as directly owned. The reporting person and Heard Capital LLC each disclaim beneficial ownership of these securities for Section 16 purposes except to the extent of pecuniary interest.
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Insights
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Insider Trade Summary
Net Seller: 46,400 shares
Net Sell
2 txns
Insider
Heard William
Role
Director
Sold
46,400 shs ($4.18M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 46,400 | $90.1098 | $4.18M |
| holding | Common Stock, par value $0.0001 per share ("Common Stock") | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,670,338 shares (Indirect, By Heard Capital LLC);
Common Stock, par value $0.0001 per share ("Common Stock") — 9,365 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.9942 to $90.115, inclusive. 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 securities sold at each separate price within the ranges set forth in this footnote to this Form 4.
- F2. These securities are held by certain investment funds and/or accounts for which Heard Capital LLC serves as investment manager. The Reporting Person is the ultimate beneficial owner of Heard Capital LLC. Each of Heard Capital LLC and the Reporting Person disclaims beneficial ownership of the securities to which this filing relates for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except to the extent of his or its pecuniary interest therein.
Key Figures
Shares sold: 46,400 shares
Weighted average sale price: $90.1098 per share
Sale price range: $89.9942–$90.115 per share
+2 more
5 metrics
Shares sold
46,400 shares
Common Stock sale on 2026-08-14 by entities managed by Heard Capital LLC
Weighted average sale price
$90.1098 per share
Average price for 46,400 ATEX shares sold on 2026-08-14
Sale price range
$89.9942–$90.115 per share
Range of prices for the multiple transactions comprising the reported sale
Indirect holdings after transaction
1,670,338 shares
ATEX Common Stock held indirectly via funds/accounts managed by Heard Capital LLC
Direct holdings after transaction
9,365 shares
ATEX Common Stock reported as directly owned by the reporting person
Key Terms
weighted average price, beneficial ownership, pecuniary interest, Section 16 of the Securities Exchange Act of 1934
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"Each of Heard Capital LLC and the Reporting Person disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his or its pecuniary interest therein."
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities and Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transaction did ATEX director William Heard report on this Form 4?
The filing reports a sale of 46,400 shares of Anterix Inc. (ATEX) Common Stock on 2026-08-14 at a weighted average price of $90.1098 per share, executed in multiple transactions within a narrow price range.
What type of ownership does William Heard report for his ATEX holdings?
The 1,670,338 ATEX shares are reported as indirectly owned through investment funds/accounts managed by Heard Capital LLC, while 9,365 shares are reported as directly owned by the reporting person as of the transaction date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
