CitroTech Inc. (CITR) former CTO sells 275,001 shares at $3
Rhea-AI Filing Summary
CitroTech Inc. reported that former Chief Technology Officer Stephen Conboy sold 275,001 shares of common stock at $3.00 per share in an open-market or private transaction. Following this sale, he directly holds 2,060,557 shares of CitroTech common stock.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 275,001 shares
Net Sell
1 txn
Insider
Conboy Stephen
Role
Insider
Sold
275,001 shs ($825K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 | 275,001 | $3.00 | $825K |
Holdings After Transaction:
Common Stock, par value $0.0001 — 2,060,557 shares (Direct)
Key Figures
Shares sold: 275,001 shares
Sale price: $3.00 per share
Shares owned after sale: 2,060,557 shares
3 metrics
Shares sold
275,001 shares
Common stock sale reported by Stephen Conboy
Sale price
$3.00 per share
Per-share price for CitroTech common stock sold
Shares owned after sale
2,060,557 shares
Direct holdings of common stock following transaction
Key Terms
par value, Rule 10b5-1 trading plan, open market or private transaction
3 terms
par value financial
"Common Stock, par value $0.0001"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
Rule 10b5-1 trading plan regulatory
"Document-level Rule 10b5-1 checkbox was not selected"
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 or private transaction financial
"Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CitroTech Inc. (CITR) disclose?
CitroTech Inc. disclosed that former CTO Stephen Conboy sold 275,001 shares of common stock at $3.00 per share. After this transaction, he directly owns 2,060,557 CitroTech common shares.
Was the CitroTech (CITR) insider sale under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox was not marked as affirming a trading plan. The transaction is reported simply as a sale in open market or private transaction without plan designation in the form data.