Gates Industrial (NYSE: GTES) director sells 6,000 shares at $28.62
Rhea-AI Filing Summary
Gates Industrial Corp Ltd. director Peifang Zhang reported selling 6,000 common shares on August 6, 2026 at $28.62 per share in a sale categorized as an open market or private transaction. Following this transaction, Zhang directly holds 44,044 common shares. The filing does not indicate use of a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,000 shares
Net Sell
1 txn
Insider
Zhang Peifang
Role
Director
Sold
6,000 shs ($172K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 6,000 | $28.62 | $172K |
Holdings After Transaction:
Common Shares — 44,044 shares (Direct)
Key Figures
Shares sold: 6,000 shares
Sale price per share: $28.62
Shares owned after sale: 44,044 shares
3 metrics
Shares sold
6,000 shares
Common shares sold on August 6, 2026
Sale price per share
$28.62
Reported transaction price per common share
Shares owned after sale
44,044 shares
Direct common share holdings following the transaction
Key Terms
Rule 10b5-1 trading plan, transaction code, beneficial ownership
3 terms
Rule 10b5-1 trading plan regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
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.
transaction code financial
"transaction_code_description":"Sale in open market or private transaction""
beneficial ownership financial
"Footnotes may indicate disclaimers of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GTES director Peifang Zhang report?
Peifang Zhang reported a sale of 6,000 common shares of Gates Industrial Corp Ltd. on August 6, 2026 at $28.62 per share. After this transaction, Zhang directly holds 44,044 common shares in the company.
Was the GTES insider sale made under a Rule 10b5-1 trading plan?
The Form 4 data indicates the Rule 10b5-1 checkbox is not marked, so the filing does not state that the 6,000-share sale was effected under a Rule 10b5-1 trading plan or pre-arranged trading program.
What type of transaction is reported for GTES in this Form 4?
The filing reports a sale of common shares, coded as a transaction type "S" and described as a sale in open market or private transaction. It involves 6,000 shares at $28.62 per share by director Peifang Zhang.