Korn Ferry CFO Sells 40,000 Shares Worth $2.9M in Insider Trade
Korn Ferry (NYSE:KFY) filed a Form 4 reporting that EVP, CFO & CCO Robert P. Rozek sold 40,000 common shares on 06/24/2025 in two open-market transactions coded “S”.
Rhea-AI Filing Summary
Korn Ferry (NYSE:KFY) filed a Form 4 reporting that EVP, CFO & CCO Robert P. Rozek sold 40,000 common shares on 06/24/2025 in two open-market transactions coded “S”.
The shares were disposed of at $72.5211 and $73.00, for estimated proceeds of about $2.9 million. Rozek’s direct ownership declined from 125,456 to 85,456 shares, a reduction of roughly 32%.
The filing does not indicate that the sales were executed under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- CFO Robert P. Rozek sold 40,000 shares (~32% of prior holdings) for roughly $2.9 million, reducing his stake to 85,456 shares.
Insights
CFO disposes 40k shares (~32% stake); $2.9M sale lacks 10b5-1 disclosure—potentially bearish sentiment.
Scale of sale: The transaction tops the $1 million materiality threshold and removes nearly one-third of the executive’s equity exposure, signaling a non-trivial change in personal risk posture.
Pricing context: Disposals clustered in a narrow $72.52–$73.00 band suggest opportunistic execution near recent trading levels rather than option exercises.
Governance observation: Absence of a checked 10b5-1 box means the market may interpret the sale as discretionary, increasing its signaling value. Continued monitoring of insider activity and upcoming earnings commentary is advised to assess whether this reflects company-specific concerns or personal diversification.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 20,000 | $72.5211 | $1.45M |
| Sale | Common Stock, par value $0.01 per share | 20,000 | $73.00 | $1.46M |
Footnotes (1)
- F1. This transaction was executed in multiple trades at prices ranging from $72.50 to $72.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
FAQ
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Were the CFO's sales conducted under a Rule 10b5-1 trading plan?
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