Trust linked to BETA Technologies (BETA) director sells 45K shares
Rhea-AI Filing Summary
Trusts affiliated with BETA Technologies director and officer Clark Kyle reported routine share sales and updated holdings. The Godric's Hollow Trust, an entity affiliated with Kyle, sold a total of 45,000 shares of Class A common stock in three open-market transactions of 15,000 shares each on June 18, June 22, and June 23 at weighted average prices of approximately $15.78, $15.74, and $16.01 per share. Individual trades on these days occurred within price ranges from $15.25 to $16.37. After these sales, The Godric's Hollow Trust held 5,644,837 shares indirectly. As of June 18, additional indirect holdings of 1,624,907 shares by The Burrow Trust and 49,746 shares by Kyle's spouse, plus 748,915 shares held directly, were also reported.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 45,000 shares
Net Sell
6 txns
Insider
Clark Kyle
Role
SEE REMARKS
Sold
45,000 shs ($713K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 15,000 | $16.0085 | $240K |
| Sale | Class A common stock | 15,000 | $15.7379 | $236K |
| Sale | Class A common stock | 15,000 | $15.7826 | $237K |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 5,644,837 shares (Indirect, By The Godric's Hollow Trust);
Class A common stock — 748,915 shares (Direct);
Class A common stock — 49,746 shares (Indirect, By Spouse);
Class A common stock — 1,624,907 shares (Indirect, By The Burrow Trust)
Footnotes (5)
- F1. This transaction was effected pursuant to a previously established 10b5-1 plan by The Godric's Hollow Trust, an entity affiliated with the reporting person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.32 to $16.32, 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 shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
- F3. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.31 to $16.05, 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 shares sold at each separate price within the ranges set forth in footnote 4 to this Form 4.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.25 to $16.37, 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 shares sold at each separate price within the ranges set forth in footnote 5 to this Form 4.
Key Figures
Total shares sold: 45,000 shares
June 18 sale: 15,000 shares at $15.7826/share
June 22 sale: 15,000 shares at $15.7379/share
+5 more
8 metrics
Total shares sold
45,000 shares
Aggregate open-market sales by The Godric's Hollow Trust
June 18 sale
15,000 shares at $15.7826/share
Open-market sale of Class A common stock
June 22 sale
15,000 shares at $15.7379/share
Open-market sale of Class A common stock
June 23 sale
15,000 shares at $16.0085/share
Open-market sale of Class A common stock
Trust holdings after sales
5,644,837 shares
Class A shares held indirectly by The Godric's Hollow Trust after June 23
Burrow Trust holdings
1,624,907 shares
Indirect Class A holdings reported as of June 18
Spouse holdings
49,746 shares
Indirect Class A holdings by spouse as of June 18
Direct holdings
748,915 shares
Direct Class A holdings as of June 18
Key Terms
10b5-1 plan, weighted average price, beneficial ownership
3 terms
10b5-1 plan regulatory
"This transaction was effected pursuant to a previously established 10b5-1 plan by The Godric's Hollow Trust"
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"
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 regulatory
"The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein"
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.
FAQ
What insider activity did BETA (BETA) report in this Form 4?
The filing shows an affiliated trust of director and officer Clark Kyle sold 45,000 BETA Technologies Class A shares in three open-market transactions and reported updated indirect and direct shareholdings across multiple related accounts.
Were the BETA (BETA) insider sales made under a Rule 10b5-1 trading plan?
Yes, the filing states the transactions were effected under a previously established 10b5-1 plan by The Godric's Hollow Trust. Such pre-arranged plans automate trading and can indicate the timing was scheduled rather than based on short-term market developments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
