DT CEO Rick McConnell disposes 60,000 shares via 10b5-1 plan
Rhea-AI Filing Summary
Rick M. McConnell, Dynatrace, Inc. (Ticker: DT) director and Chief Executive Officer, reported sales of a total of 60,000 shares of Dynatrace common stock under a Rule 10b5-1 trading plan adopted on 06/12/2025. The sales occurred on 10/02/2025 (48,218 shares) and 10/03/2025 (11,782 shares) at weighted-average prices near $50.00, with prices reported between $50.00 and $50.17.
After these transactions Mr. McConnell directly beneficially owned 138,125 shares and had an indirect interest in 500 shares held by a trust managed by his spouse. The report was signed by power of attorney on 10/06/2025 and discloses that the sales were executed pursuant to the adopted 10b5-1 plan. No options or other derivatives were reported as transacted in this filing.
Positive
- Sales executed under a Rule 10b5-1 plan, indicating pre-established arrangement and procedural compliance
- Substantial remaining direct ownership of 138,125 shares, showing continued insider stake
Negative
- Reduction in direct holdings by 60,000 shares due to sales on 10/02/2025 and 10/03/2025
- Average sale price near $50.00 realized, which may crystallize taxable events or reduce ownership concentration
Insights
Insider sold 60,000 shares using a pre-established 10b5-1 plan, maintaining meaningful direct holdings.
The transactions were executed under a Rule 10b5-1 trading plan adopted on 06/12/2025, which provides an affirmative defense against claims of trading on material nonpublic information when conditions are met. The reported sales totaled 60,000 shares across 10/02/2025 and 10/03/2025 at weighted-average prices around $50.00.
The remaining direct holding of 138,125 shares indicates continued owner alignment but a reduction in position. Monitor any future Form 4s for additional 10b5-1 plan activity or amendments within the next 12 months to assess ongoing insider disposition patterns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,782 | $50.0602 | $590K |
| Sale | Common Stock | 48,218 | $50.0029 | $2.41M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2025. The price reported in Column 4 represents a weighted average price. The shares were sold in multiple transactions at prices ranging from $50.00 to $50.03, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The price reported in Column 4 represents a weighted average price. The shares were sold in multiple transactions at prices ranging from $50.00 to $50.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. Shares held by the Anne Marie McConnell Trust dated July 16, 2021 for which the Reporting Person's spouse is the sole trustee. The Reporting Person disclaims Section 16 beneficial ownership of the shares except to the extent of his pecuniary interest, if any, therein, and nothing contained in this report shall be deemed an admission that the Reporting Person is the beneficial owner of any of the shares for Section 16 purposes or otherwise.
