HSBC (NYSE: HSBC) controller sells 23,123 shares, retains 4,973
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HSBC Holdings plc Global Financial Controller Daniel Scott Palomaki reported an open-market sale of 23,123 Ordinary shares of US$0.50 on May 7, 2026. The shares were sold at an average price of $18.1061 per share, with a footnote stating a disposal price of GBP13.305457.
Following this transaction, Palomaki directly owns 4,973 HSBC shares. The filing does not show any related derivative positions, indicating this report covers a straightforward common-share sale and the resulting remaining direct equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,123 shares ($418,667)
Net Sell
1 txn
Insider
Palomaki Daniel Scott
Role
Global Financial Controller
Sold
23,123 shs ($419K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary shares of US$0.50 | 23,123 | $18.1061 | $419K |
Holdings After Transaction:
Ordinary shares of US$0.50 — 4,973 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 23,123 shares
Sale price per share (USD): $18.1061 per share
Disposal price per share (GBP): GBP13.305457 per share
+2 more
5 metrics
Shares sold
23,123 shares
Open-market sale of Ordinary shares of US$0.50
Sale price per share (USD)
$18.1061 per share
Average price for the 23,123 shares sold
Disposal price per share (GBP)
GBP13.305457 per share
Sterling disposal price noted in footnote
Shares owned after transaction
4,973 shares
Direct holdings following the sale
Net shares sold
23,123 shares
Net-sell direction per transaction summary
Key Terms
open-market sale, Ordinary shares of US$0.50, Global Financial Controller, disposal price
4 terms
open-market sale financial
"The transaction is described as an open-market sale of 23,123 shares."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Global Financial Controller financial
"Daniel Scott Palomaki is listed as Global Financial Controller."
disposal price financial
"A footnote states the disposal price was GBP13.305457."
FAQ
What insider transaction did HSBC (HSBC) report for Daniel Scott Palomaki?
HSBC reported that Global Financial Controller Daniel Scott Palomaki sold 23,123 Ordinary shares of US$0.50. The transaction was an open-market sale on May 7, 2026, and is disclosed in a Form 4 insider trading report filed with regulators.
What type of transaction is reported in the HSBC (HSBC) Form 4 filing?
The Form 4 reports an open-market sale of HSBC Ordinary shares coded as “S.” This transaction type indicates a sale in the open market or a private transaction rather than an option exercise, tax withholding, gift, or other non-market-related equity movement.
What role does Daniel Scott Palomaki hold at HSBC (HSBC)?
Daniel Scott Palomaki is identified as HSBC’s Global Financial Controller in the Form 4 filing. This officer role means he is a senior finance executive, so his equity transactions must be disclosed publicly under U.S. securities laws governing insider trading reports.