First Busey (BUSE) director sells shares under 10b5-1 plan
Rhea-AI Filing Summary
FIRST BUSEY CORP (BUSE) director Michael David Cassens reported a sale of 1,441 shares of common stock on 2026-08-17 at $31.08 per share in an open-market transaction. The transaction was effected under a Rule 10b5-1 trading plan adopted on August 15, 2025, and left him holding 131,453 shares directly.
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Insider Trade Summary 10b5-1
Net Seller: 1,441 shares
Net Sell
1 txn
Insider
Cassens Michael David
Role
Director
Sold
1,441 shs ($45K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,441 | $31.08 | $45K |
Holdings After Transaction:
Common Stock — 131,453 shares (Direct)
Footnotes (1)
- F1. The stock sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on August 15, 2025.
Key Figures
Shares sold: 1,441 shares
Sale price: $31.08 per share
Shares owned after transaction: 131,453 shares
+2 more
5 metrics
Shares sold
1,441 shares
Common Stock sold by Michael David Cassens on 2026-08-17
Sale price
$31.08 per share
Price for the 1,441-share sale on 2026-08-17
Shares owned after transaction
131,453 shares
Directly held by Michael David Cassens following the sale
Rule 10b5-1 plan adoption date
August 15, 2025
Plan under which the reported sale was effected
Net shares sold in filing
1,441 shares
Net sell direction per transaction summary
Key Terms
Rule 10b5-1 trading plan, Form 4, Common Stock
3 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.
Form 4 regulatory
"The stock sale reported on this Form 4 was effected pursuant to a Rule 10b5-1"
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.
Common Stock financial
"security_title":"Common Stock","transaction_date":"2026-08-17""
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.
FAQ
What insider transaction did BUSE report for Michael David Cassens?
Michael David Cassens reported selling 1,441 shares of FIRST BUSEY CORP (BUSE) common stock at $31.08 per share. The sale occurred on 2026-08-17 and was executed in an open-market or private transaction as disclosed in the filing.
Was Michael David Cassens’ BUSE stock sale under a Rule 10b5-1 trading plan?
Yes. The filing states the stock sale was effected under a Rule 10b5-1 trading plan adopted on August 15, 2025. Such plans allow pre-arranged trading, reducing the significance of timing for interpreting insider sentiment.
What type of security did Michael David Cassens sell in FIRST BUSEY CORP (BUSE)?
Michael David Cassens sold common stock of FIRST BUSEY CORP (BUSE). The Form 4 identifies the security as common stock, with the transaction coded as an open-market or private sale of 1,441 shares at $31.08 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.