BETA (BETA) insider-affiliated trust sells 30,000 shares but retains millions
Rhea-AI Filing Summary
BETA Technologies director/officer Clark Kyle reported indirect open-market sales of Class A common stock by The Godric's Hollow Trust, an entity affiliated with him. The trust sold 15,000 shares at a weighted average price of $15.8893 on June 16, 2026 and another 15,000 shares at $16.0534 on June 17, 2026, for total reported sales of 30,000 shares. These transactions were effected under a previously established Rule 10b5-1 trading plan. After the June 17 transaction, The Godric's Hollow Trust held 5,689,837 shares indirectly. Additional indirect holdings as of June 16 included 1,624,907 shares held by The Burrow Trust and 49,746 shares held by his spouse, alongside 748,915 shares held directly.
Positive
- None.
Negative
- None.
Insights
Pre-planned trust sales of 30,000 BETA shares with large holdings retained.
The filing shows The Godric's Hollow Trust, affiliated with Clark Kyle, executed two open-market sales totaling 30,000 shares of BETA Class A common stock at weighted average prices around $16 per share. The sales were made pursuant to a previously established Rule 10b5-1 plan, indicating they were pre-scheduled.
Following the June 17 transaction, the trust still held 5,689,837 shares indirectly. Other positions as of June 16, 2026 included 1,624,907 shares via The Burrow Trust, 49,746 shares via spouse, and 748,915 shares held directly. With no derivative positions reported and substantial holdings remaining, these appear as routine, pre-planned liquidity transactions rather than a major change in insider exposure.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 15,000 | $16.0534 | $241K |
| Sale | Class A common stock | 15,000 | $15.8893 | $238K |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Footnotes (1)
- 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.47 to $16.63, 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 The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.63 to $16.41, 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