Innovex (INVX) North America president sells 10,750 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innovex International, Inc. executive Mark Reddout, President of North America, reported an open-market sale of 10,750 shares of common stock at $28.00 per share. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 2, 2026.
After this transaction, Reddout continues to hold 134,312 shares of Innovex common stock directly, so he retains a significant ongoing stake in the company despite the sale being a net reduction in his holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,750 shares ($301,000)
Net Sell
1 txn
Insider
Reddout Mark
Role
President of North America
Sold
10,750 shs ($301K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,750 | $28.00 | $301K |
Holdings After Transaction:
Common Stock — 134,312 shares (Direct, null)
Footnotes (1)
- Sales pursuant to a Rule 10b5-1 plan adopted on March 2, 2026. All shares were sold at the price in column 4.
Key Figures
Shares sold: 10,750 shares
Sale price: $28.00 per share
Shares held after sale: 134,312 shares
3 metrics
Shares sold
10,750 shares
Open-market sale on June 2, 2026
Sale price
$28.00 per share
Price for all shares in this transaction
Shares held after sale
134,312 shares
Direct holdings following the transaction
Key Terms
Rule 10b5-1 plan, open-market sale, Common Stock
3 terms
Rule 10b5-1 plan regulatory
"Sales pursuant to a Rule 10b5-1 plan adopted on March 2, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action is described as an open-market sale of Common Stock."
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.
Common Stock financial
"The transaction involved Common Stock as the non-derivative security title."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Innovex International (INVX) report for Mark Reddout?
Innovex International reported that executive Mark Reddout sold 10,750 shares of common stock at $28.00 per share. This was an open-market sale and he continues to hold 134,312 shares directly after the transaction.
Was the INVX insider sale by Mark Reddout under a Rule 10b5-1 plan?
Yes. The filing states that Mark Reddout’s sale was made under a Rule 10b5-1 trading plan adopted on March 2, 2026. Such plans pre-schedule trades, making the timing more routine and less discretionary.
What type of transaction was reported in the Innovex (INVX) Form 4 filing?
The Form 4 shows a non-derivative open-market sale of common stock by executive Mark Reddout. The transaction code is “S,” which the filing describes as a sale in an open market or private transaction.