FN Form 4: President & COO Harpal Gill Sells 14,203 Shares
Rhea-AI Filing Summary
Fabrinet (FN) Form 4: Harpal Gill, who serves as President & COO and a director, reported a sale of 14,203 ordinary shares on 09/04/2025 at a weighted average price of $355.147 per share (range $355.00 to $355.81). After the transaction Mr. Gill beneficially owned 13,983 shares. The filing was signed by an attorney-in-fact on behalf of Mr. Gill.
The form discloses the exact number of shares sold, the weighted average sale price, and the remaining beneficial ownership. No derivative transactions or amendments are reported.
Positive
- Complete Section 16 disclosure filed showing transaction date, share amounts, and price range
- Clear identification of reporting person and role (President & COO and director)
Negative
- Insider sale of 14,203 shares, which reduces beneficial ownership to 13,983 shares
- No Rule 10b5-1 plan checkbox marked and no explanation of the purpose for the sale beyond price range
Insights
TL;DR Insider sale of 14,203 shares at ~$355 per share reduces the President & COO's holdings to 13,983 shares; disclosed per Section 16 rules.
The report documents a single non-derivative sale executed on 09/04/2025, showing precise quantities and a weighted average sale price with a provided price range. For analysts this is a clear, compliant disclosure of insider liquidity activity; it does not include accompanying commentary about purpose, timing plan, or additional transactions. The absence of derivative activity and the single-line reporting simplify interpretation but limit insight into ongoing insider intentions.
TL;DR Company officer and director executed a substantial share sale and filed Form 4 as required; disclosure appears complete on face.
The form identifies the reporting person, relationship to the issuer (President & COO and director), transaction date, and exact share counts before/after the sale. The filing includes an explanation that the sale price is a weighted average over a narrow range and states that further breakdown can be provided on request. There is no indication of a Rule 10b5-1 plan checked on the form, and no amendment history is shown. From a governance perspective the document meets the statutory disclosure elements but provides limited context about the rationale or any planned disposition strategy.