Gen Digital (GEN) product chief sells 30,000 shares, retains large stake
Rhea-AI Filing Summary
Gen Digital Inc. executive Travis Michael Witteveen, Head of Products and Portfolio, reported a sale of 30,000 shares of common stock on 2026-08-10 in an open market or private transaction at a weighted average price of $29.4186 per share, with individual trade prices between $29.375 and $29.49. After this sale, he directly holds 496,545 shares and indirectly holds 138,000 shares through Lexington Holding S.A.R.L.
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Insights
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Insider Trade Summary
Net Seller: 30,000 shares
Net Sell
2 txns
Insider
Witteveen Travis Michael
Role
Head of Products and Portfolio
Sold
30,000 shs ($883K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 30,000 | $29.4186 | $883K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 496,545 shares (Direct);
Common Stock — 138,000 shares (Indirect, Lexington Holding S.A.R.L.)
Footnotes (1)
- F1. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $29.375 to $29.49, inclusive. The reporting person undertakes to provide to Gen Digital Inc., any security holder of Gen Digital., or the staff of the Security and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this form 4.
Key Figures
Shares sold: 30,000 shares
Weighted average sale price: $29.4186 per share
Sale price range: $29.375 to $29.49 per share
+3 more
6 metrics
Shares sold
30,000 shares
Common stock sale on 2026-08-10 by Travis Michael Witteveen
Weighted average sale price
$29.4186 per share
Price for 30,000 shares of Gen Digital common stock sold
Sale price range
$29.375 to $29.49 per share
Range of individual trade prices within the reported sale
Direct holdings after transaction
496,545 shares
Direct Gen Digital common stock held by Witteveen after sale
Indirect holdings after transaction
138,000 shares
Indirect Gen Digital common stock through Lexington Holding S.A.R.L.
Net buy/sell shares
-30,000 shares
Net effect of reported insider trading activity in this Form 4
Key Terms
weighted average price, indirect, open market or private transaction
3 terms
weighted average price financial
"The price reported in Column 4 is weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect financial
"Indirect ownership of 138,000 shares through Lexington Holding S.A.R.L."
open market or private transaction financial
"Transaction code description notes a sale in open market or private transaction."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Gen Digital (GEN) report for Travis Michael Witteveen?
Gen Digital reported that Travis Michael Witteveen, Head of Products and Portfolio, sold 30,000 shares of common stock on 2026-08-10. The sale was coded as a sale in open market or private transaction on Form 4.
What does the Form 4 say about Travis Witteveen’s indirect Gen Digital (GEN) holdings?
The Form 4 lists 138,000 shares of Gen Digital common stock as indirectly owned by Travis Witteveen. These shares are held through Lexington Holding S.A.R.L., which is identified as the nature of ownership.