CERT Form 4: Leif Pedersen disposes 51,224 shares under 10b5-1 plan
Rhea-AI Filing Summary
Leif E. Pedersen, President and Chief Commercial Officer of Certara, Inc. (CERT), reported a sale of 51,224 shares of Certara common stock on 09/09/2025. The sales were effected under a Rule 10b5-1 trading plan adopted on March 5, 2025. The reported weighted-average sale price was $10.92, with individual trade prices ranging from $10.73 to $11.09. After the reported disposition, Mr. Pedersen beneficially owned 73,979 shares, reported as direct ownership. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Transaction conducted under a Rule 10b5-1 plan, indicating prearranged trading and potential compliance with insider trading rules
- Clear disclosure of weighted-average price and price range ($10.92; $10.73–$11.09), supporting transparency
- Filing shows remaining direct ownership of 73,979 shares after the sale
Negative
- Reporting person disposed of 51,224 shares, a meaningful reduction in direct holdings
- Form 4 does not disclose the proportion of total holdings sold, limiting assessment of materiality relative to prior ownership
Insights
TL;DR: Routine, prearranged insider sale under a 10b5-1 plan; disclosure is compliant and transparent.
The Form 4 documents a planned disposition under a Rule 10b5-1 plan, which typically provides an affirmative defense against insider trading claims when properly adopted and executed. The filing includes the plan adoption date and weighted-average sale price range, and the reporting person reduced direct holdings by 51,224 shares while retaining 73,979 shares. From a governance perspective, use of a 10b5-1 plan and clear price-range disclosure support procedural compliance and transparency.
TL;DR: Insider sold 51,224 shares at a weighted average of $10.92; transaction is material to holdings but routine in nature.
The reported sale of 51,224 shares at a weighted-average price of $10.92 represents a quantifiable reduction in the reporting person’s direct stake and provides a realized liquidity event. The Form 4 notes the trades were executed across prices from $10.73 to $11.09. Without further context on total outstanding shares or prior holdings, this transaction is notable but does not by itself indicate a change in company fundamentals.