First Busey (NASDAQ: BUSE) director’s 10b5-1 sale covers 750 shares
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 on April 15, 2026 at $26.75 per share. The sale was made under a Rule 10b5-1 trading plan adopted on August 15, 2025, indicating it was pre-scheduled. After this transaction, he directly holds 140,888 shares of First Busey common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 750 shares ($20,063)
Net Sell
1 txn
Insider
Cassens Michael David
Role
Director
Sold
750 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 750 | $26.75 | $20K |
Holdings After Transaction:
Common Stock — 140,888 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 750 shares
Sale price per share: $26.75 per share
Shares held after transaction: 140,888 shares
+2 more
5 metrics
Shares sold
750 shares
Open-market sale of Common Stock on April 15, 2026
Sale price per share
$26.75 per share
Price for the 750-share open-market sale
Shares held after transaction
140,888 shares
Direct ownership after the April 15, 2026 sale
Rule 10b5-1 plan adoption date
August 15, 2025
Trading plan governing the reported stock sale
Net buy/sell shares
-750 shares
Net effect of reported transactions in this Form 4
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" for the 750-share transaction"
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" in the non-derivative transaction"
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 insider transaction did First Busey (BUSE) director Michael Cassens report?
Michael David Cassens reported an open-market sale of 750 shares of First Busey Common Stock. The shares were sold at $26.75 each, and the transaction reflects a small portion of his holdings, leaving him with 140,888 shares directly owned after the sale.
Was the First Busey (BUSE) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the stock sale was effected pursuant to a Rule 10b5-1 trading plan adopted on August 15, 2025. Such plans are pre-arranged trading programs, indicating the timing of the sale was scheduled in advance rather than decided spontaneously.
What type of security was involved in the First Busey (BUSE) Form 4 transaction?
The transaction involved First Busey’s Common Stock. The Form 4 specifies this as a non-derivative security, meaning it is ordinary equity rather than options or other derivatives, and the trade was coded as an open-market sale identified by transaction code “S.”