Cathay Bancorp vice chair entity sells 20K shares
Cathay General Bancorp vice chairman Peter Wu reported an indirect sale of 20,000 shares of Common Stock through PACJU, LLC.
Rhea-AI Filing Summary
Cathay General Bancorp vice chairman Peter Wu reported an indirect sale of 20,000 shares of Common Stock through PACJU, LLC. The shares were sold in open-market transactions at a weighted-average price of $57.3253 per share, with individual trades ranging from $57.25 to $57.38.
Following the sale, PACJU, LLC held 275,252 shares. The filing also shows Wu holding 1,593 shares directly and 398,814 shares indirectly through the Wu Family Trust as of the reported date, indicating he retains a substantial overall position associated with his role at the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
3 txns
Insider
WU PETER
Role
Vice Chairman
Sold
20,000 shs ($1.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $57.3253 | $1.15M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 275,252 shares (Indirect, PACJU, LLC);
Common Stock — 398,814 shares (Indirect, Wu Family Trust);
Common Stock — 1,593 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $57.25 to $57.38, inclusive. The reporting person undertakes to provide to Cathay General Bancorp ("Cathay"), any security holder of Cathay, 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 range set forth in this footnote.
Key Figures
Shares sold: 20,000 shares
Weighted-average sale price: $57.3253 per share
Post-sale PACJU, LLC holdings: 275,252 shares
+3 more
6 metrics
Shares sold
20,000 shares
Open-market sale of Common Stock
Weighted-average sale price
$57.3253 per share
Open-market sale price for 20,000 shares
Post-sale PACJU, LLC holdings
275,252 shares
Indirect holdings after the reported sale
Direct holdings
1,593 shares
Shares held directly by Peter Wu
Wu Family Trust holdings
398,814 shares
Indirect holdings via Wu Family Trust
Price range of sales
$57.25–$57.38 per share
Range of individual trade prices in the sale
Key Terms
open-market sale, weighted-average price, indirect, Common Stock, +1 more
5 terms
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.
weighted-average price financial
"The price reported in Column 4 is a weighted-average price."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
indirect financial
""ownership_type":"indirect""
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
"INSIDER FILING DATA (Form 4):"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CATY vice chairman Peter Wu report?
Peter Wu reported an indirect sale of 20,000 Cathay General Bancorp (CATY) common shares through PACJU, LLC. The transaction was classified as an open-market sale, reflecting a routine portfolio move while he continues to hold a substantial overall share position via multiple accounts.
What is the Wu Family Trust’s reported CATY position in this filing?
The Wu Family Trust is reported as indirectly holding 398,814 Cathay General Bancorp shares in the Form 4. This trust position is separate from PACJU, LLC’s 275,252 post-sale shares and Wu’s 1,593 directly held shares, together showing sizable associated ownership.
Does this CATY Form 4 indicate a large change in Peter Wu’s holdings?
The filing reports a sale of 20,000 CATY shares by PACJU, LLC while 275,252 shares remain in that entity, alongside 398,814 trust shares and 1,593 direct shares. This suggests the transaction is relatively small compared with the total positions reported in the document.
AI-generated analysis. How Rhea-AI works. Not financial advice.
