Leonardo DRS (DRS) EVP Rinsky sells 3,865 shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leonardo DRS, Inc. executive Jason Rinsky, EVP Chief Tax and Treasury, reported an open-market sale of 3,865 shares of common stock at an average price of $46.87 per share. After this transaction, he directly holds 31,310 common shares.
The filing notes that these sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person, indicating the trades were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,865 shares ($181,153)
Net Sell
1 txn
Insider
Rinsky Jason
Role
EVP Chief Tax and Treasury
Sold
3,865 shs ($181K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,865 | $46.87 | $181K |
Holdings After Transaction:
Common Stock — 31,310 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 3,865 shares
Sale price: $46.87 per share
Shares held after: 31,310 shares
+1 more
4 metrics
Shares sold
3,865 shares
Open-market sale of common stock
Sale price
$46.87 per share
Average price for reported sale
Shares held after
31,310 shares
Direct holdings following transaction
Net shares sold
3,865 shares
Net change in buy/sell activity
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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""
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""
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.
FAQ
What insider transaction did Leonardo DRS (DRS) report for Jason Rinsky?
Leonardo DRS reported that EVP Chief Tax and Treasury Jason Rinsky sold 3,865 shares of common stock in an open-market transaction. The sale was disclosed on a regulatory form detailing his share count and pricing for investor transparency.
Was the Leonardo DRS (DRS) insider sale made under a Rule 10b5-1 plan?
Yes, the filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Jason Rinsky. Such plans schedule trades in advance, indicating the timing was pre-arranged rather than based on day-to-day market conditions.
What role does Jason Rinsky hold at Leonardo DRS (DRS)?
Jason Rinsky serves as Executive Vice President, Chief Tax and Treasury at Leonardo DRS. His position makes him a senior officer, so his equity transactions in company stock must be reported publicly through insider trading disclosure forms.