Genworth (NYSE: GNW) legal chief sells 40,000 shares outside 10b5-1 plan
Rhea-AI Filing Summary
GENWORTH FINANCIAL INC (GNW) insider Gregory S. Karawan, EVP and General Counsel, reported a sale of 40,000 shares of Common Stock on 2026-08-21 in a transaction classified as a sale in the open market or a private transaction. The shares were sold at a weighted average sales price of $9.9118 per share, based on a series of broker-assisted transactions with prices ranging from $9.89 to $9.925 per share, as disclosed in a footnote. After this transaction, Karawan directly held 343,121 shares of Genworth Financial common stock and indirectly held 4,723.871 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,000 shares
Net Sell
2 txns
Insider
Karawan Gregory S.
Role
EVP and General Counsel
Sold
40,000 shs ($396K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 40,000 | $9.9118 | $396K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 343,121 shares (Direct);
Common Stock — 4,723.871 shares (Indirect, by 401(k))
Footnotes (1)
- F1. Price indicated is the weighted average sales price as a result of a series of broker-assisted transactions ranging in price from $9.89 to $9.925 per share. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range upon request by the SEC staff, the issuer, or any security holder of the issuer.
Key Figures
Shares sold: 40,000 shares of Common Stock
Weighted average sales price: $9.9118 per share
Price range of sales: $9.89 to $9.925 per share
+3 more
6 metrics
Shares sold
40,000 shares of Common Stock
Sale by Gregory S. Karawan on 2026-08-21
Weighted average sales price
$9.9118 per share
Broker-assisted sale of 40,000 shares, prices from $9.89 to $9.925
Price range of sales
$9.89 to $9.925 per share
Series of broker-assisted transactions on 2026-08-21
Direct holdings after transaction
343,121 shares
Common Stock directly held by Gregory S. Karawan after the sale
Indirect holdings after transaction
4,723.871 shares
Common Stock held indirectly by 401(k) after the reported transactions
Net buy/sell shares
-40,000 shares
Net selling activity in this Form 4 per transaction summary
Key Terms
weighted average sales price, broker-assisted transactions, indirect, 401(k)
4 terms
weighted average sales price financial
"Price indicated is the weighted average sales price as a result of a series"
broker-assisted transactions financial
"as a result of a series of broker-assisted transactions ranging in price"
indirect financial
"total_shares_following_transaction 4723.8710, direct_or_indirect I, nature_of_ownership by 401(k)"
401(k) financial
"nature_of_ownership by 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What insider transaction did GNW executive Gregory S. Karawan report?
Gregory S. Karawan reported a sale of 40,000 shares of Genworth Financial (GNW) Common Stock on 2026-08-21. The transaction was classified as a sale in the open market or a private transaction and reduced, but did not eliminate, his direct holdings.
Was the reported GNW insider sale under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as being under a trading plan (aff_10b5_one = false). The footnote describes pricing details but does not state that the sale occurred under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
