Director Michael Cassens sells FIRST BUSEY (BUSE) shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST BUSEY CORP director Michael David Cassens reported an open-market sale of 750 shares of Common Stock at $26.11 per share. After this transaction, he directly holds 140,392 shares. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 15, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 750 shares ($19,583)
Net Sell
1 txn
Insider
Cassens Michael David
Role
null
Sold
750 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 750 | $26.11 | $20K |
Holdings After Transaction:
Common Stock — 140,392 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 750 shares
Sale price: $26.11 per share
Shares held after sale: 140,392 shares
+1 more
4 metrics
Shares sold
750 shares
Common Stock sold on May 15, 2026
Sale price
$26.11 per share
Open-market sale price
Shares held after sale
140,392 shares
Direct ownership following transaction
Net buy/sell direction
-750 shares (net-sell)
Form 4 transaction summary
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The stock sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"The stock sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did FIRST BUSEY CORP (BUSE) director Michael Cassens report on this Form 4?
Michael David Cassens reported selling 750 shares of FIRST BUSEY CORP Common Stock. The shares were sold in an open-market transaction at $26.11 per share, and the filing shows his remaining direct ownership after the sale.
Was the FIRST BUSEY CORP (BUSE) stock sale by Michael Cassens under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the stock sale was effected pursuant to a Rule 10b5-1 trading plan adopted on August 15, 2025. Such plans pre-arrange trades, helping separate trading decisions from day-to-day market conditions.
What type of transaction did Michael Cassens report for FIRST BUSEY CORP (BUSE)?
He reported an open-market sale of Common Stock, coded as an “S” transaction. The filing describes this as a sale in an open market or private transaction, and classifies the ownership as direct following completion of the trade.