[Form 4] Castle Biosciences, Inc. Insider Trading Activity
Kristen M. Oelschlager, Chief Operating Officer of Castle Biosciences (CSTL), reported the sale of 12,677 shares of the company's common stock in a transaction executed at a weighted-average price of $22.019 per share. The reported sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and, after the transaction, the reporting person beneficially owned 141,116 shares. The filing discloses that the sale occurred in multiple trades at prices ranging from $22.000 to $22.145 and that the reporting person will provide detailed trade-level information on request.
- Transaction executed under a Rule 10b5-1 plan, indicating trades were pre-scheduled and aiming to reduce potential timing concerns
- Weighted-average price and price range disclosed, and the reporting person offers to provide detailed trade-level information on request, enhancing transparency
- Reporting person retains a meaningful stake after the sale (141,116 shares), so control was not surrendered
- None.
Insights
TL;DR: Insider executed a planned sale under a 10b5-1 plan; transaction size appears routine relative to disclosed post-sale holdings.
The sale of 12,677 shares at a weighted-average $22.019 was executed under a pre-established Rule 10b5-1 plan, which typically indicates the trades were scheduled in advance to avoid timing concerns. The filing states the trades occurred across a narrow price range and that the reporting person retains 141,116 shares following the disposition. From a market-impact perspective, the disclosure promotes transparency but does not by itself indicate material change to company control or governance.
TL;DR: Use of a 10b5-1 plan and offer to provide trade details signals compliance and governance transparency.
Reporting the disposition and citing a Rule 10b5-1 plan aligns with governance best practices by documenting the affirmative defense for scheduled trades. The filer’s offer to supply trade-level data on request increases disclosure quality. The filing does not report any derivative transactions or other changes in indirect ownership, and it was signed by an attorney-in-fact, consistent with authorized reporting procedures.