Karooooo (NASDAQ: KARO) CEO sells 978 shares, still holds 17.6M
Rhea-AI Filing Summary
Karooooo Ltd. (KARO) reported that CEO, Executive Chairman and 10% owner Calisto Isaias Jose sold 978 shares of Common Stock on 2026-08-14 in an open-market or private transaction at an average price of $63.2977 per share. Following this sale, he directly owns 17,648,745 shares of Karooooo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 978 shares
Net Sell
1 txn
Insider
Calisto Isaias Jose
Role
CEO & Executive Chairman
Sold
978 shs ($62K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 978 | $63.2977 | $62K |
Holdings After Transaction:
Common Stock — 17,648,745 shares (Direct)
Key Figures
Shares Sold: 978 shares
Sale Price: $63.2977 per share
Shares Owned After Transaction: 17,648,745 shares
+1 more
4 metrics
Shares Sold
978 shares
Common Stock sold on 2026-08-14 by Calisto Isaias Jose
Sale Price
$63.2977 per share
Average price for the 978 KARO shares sold
Shares Owned After Transaction
17,648,745 shares
Direct ownership of KARO common stock after the sale
Net Buy/Sell Shares
-978 shares
Net selling activity in this Form 4 transaction summary
Key Terms
Form 4, beneficial owner, Rule 10b5-1
3 terms
Form 4 regulatory
"This insider transaction is reported on <b>Form 4</b> for Karooooo Ltd."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficial owner financial
"The reporting person is a director, officer and 10% <b>beneficial owner</b> of KARO."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Rule 10b5-1 regulatory
"The filing includes a checkbox regarding <b>Rule 10b5-1</b> trading plans."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did KARO report for Calisto Isaias Jose?
Karooooo Ltd. reported that Calisto Isaias Jose sold 978 shares of common stock on 2026-08-14 at an average price of $63.2977 per share. After this transaction, he directly holds 17,648,745 shares of Karooooo common stock.
Was the KARO insider sale made under a Rule 10b5-1 trading plan?
The Form 4 for KARO indicates the Rule 10b5-1 checkbox is not checked, so the reported sale of 978 shares at $63.2977 per share is not affirmatively identified as being made under a Rule 10b5-1 trading plan.
What role does the insider play at Karooooo Ltd. (KARO)?
The reporting person, Calisto Isaias Jose, is disclosed as CEO & Executive Chairman and a 10% owner of Karooooo Ltd. He reported selling 978 KARO common shares while retaining 17,648,745 shares after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
