BETA Technologies (BETA) CEO's trust sells 77,800 shares
Rhea-AI Filing Summary
BETA Technologies, Inc. (BETA) reported insider activity by President and CEO Clark Kyle involving sales, a gift, and updated indirect holdings of Class A common stock. An affiliated entity, The Godric's Hollow Trust, sold 30,000 shares at $24.6641, 30,000 at $25.0781, and 30,000 at $26.0563 per share in open-market transactions, all effected under a previously established Rule 10b5-1 plan. Kyle also made a bona fide gift of 10,000 shares to a charitable organization and reported direct ownership of 738,915 shares afterward. Indirect holdings include 49,746 shares held by his spouse and 1,624,907 shares held by The Burrow Trust, with Kyle disclaiming beneficial ownership of securities held through the trusts and spouse except to the extent of his pecuniary interest.
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Insights
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock F2, F6, F4 | 30,000 | $26.0563 | $782K |
| Sale | Class A common stock F2, F5, F4 | 30,000 | $25.0781 | $752K |
| Gift | Class A common stock F1 | 10,000 | $0.00 | $0.00 |
| Sale | Class A common stock F2, F3, F4 | 17,800 | $24.6641 | $439K |
| holding | Class A common stock F4 | -- | -- | -- |
| holding | Class A common stock F4 | -- | -- | -- |
Footnotes (6)
- F1. Bona fide gift to a charitable organization.
- F2. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.105 to $25.500, 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 3 to this Form 4.
- F4. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.40 to $25.60, 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.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.74 to $26.89, 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 6 to this Form 4.
Key Figures
Key Terms
Rule 10b5-1 plan financial
weighted average price financial
bona fide gift financial
pecuniary interest financial
FAQ
What insider transactions did BETA Technologies (BETA) disclose for Clark Kyle on this Form 4?
Were Clark Kyle’s BETA (BETA) stock sales made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.