Tax-driven inTEST (NASDAQ: INTT) CEO share sales under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTEST CORP President & CEO Richard N. Grant Jr. reported open-market sales of company common stock that were used to cover taxes on vesting restricted stock. He sold 1,397 shares at $14.1639 per share and 1,097 shares at $13.3259 per share pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 8, 2023. After these transactions, he holds 186,722 common shares directly and maintains multiple employee stock option awards, including options expiring between 2031 and 2035 with exercise prices ranging from $7.7400 to $16.0600.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,494 shares ($34,405)
Net Sell
8 txns
Insider
Grant Richard N. Jr.
Role
President & CEO
Sold
2,494 shs ($34K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,397 | $14.1639 | $20K |
| Sale | Common Stock | 1,097 | $13.3259 | $15K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 186,722 shares (Direct);
Employee Stock Option (right to buy) — 2,327 shares (Direct)
Footnotes (1)
- Shares sold to satisfy tax withholding obligations in connection with the vesting of restricted stock. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2023. This option vests in four equal annual installments commencing on March 17, 2026. This option vests in four equal annual installments commencing on March 17, 2026. This option vests in four equal annual installments commencing on March 6, 2025. This option vests in four equal annual installments commencing on March 8, 2024. This option is fully vested as of the date of this report.
FAQ
What insider transactions did INTT CEO Richard N. Grant Jr. report?
Richard N. Grant Jr. reported selling a total of 2,494 INTEST common shares in open-market transactions. The sales were tied to tax withholding on restricted stock vesting and executed under a pre-arranged Rule 10b5-1 trading plan.
What stock options does the INTT CEO still hold after these transactions?
The CEO continues to hold several employee stock options on INTEST common stock, with exercise prices between $7.7400 and $16.0600 and expirations from 2031 through 2035, indicating a continuing long-term equity incentive position.