Kennametal (NYSE: KMT) director sells 29,498.608 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kennametal Inc. director Sagar A. Patel sold 29,498.608 shares of common stock in an open-market transaction. The shares were sold at a weighted average price of $33.50 per share, with individual trade prices ranging from $33.27 to $33.51. Following this sale, Patel no longer holds any directly owned Kennametal common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 29,498.608 shares ($988,203)
Net Sell
1 txn
Insider
Patel Sagar A
Role
null
Sold
29,498.608 shs ($988K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 29,498.608 | $33.50 | $988K |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 29,498.608 shares
Weighted average sale price: $33.50 per share
Price range of trades: $33.27–$33.51 per share
+2 more
5 metrics
Shares sold
29,498.608 shares
Open-market sale of common stock on 2026-06-08
Weighted average sale price
$33.50 per share
Average price across multiple trades
Price range of trades
$33.27–$33.51 per share
Range of individual sale prices
Shares held after transaction
0.0000 shares
Directly owned Kennametal common stock
Net shares sold
29,498.608 shares
Net buy/sell shares in transaction summary
Key Terms
open-market sale, weighted average price, Form 4, non-derivative
4 terms
open-market sale financial
"transaction_action: "open-market sale""
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Form 4 regulatory
"within the ranges set forth in this footnote to this Form 4"
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.
non-derivative financial
"transaction_type: "non-derivative""
FAQ
What insider transaction did Kennametal (KMT) director Sagar A. Patel report?
Director Sagar A. Patel reported an open-market sale of 29,498.608 shares of Kennametal common stock. The transaction involved a single Form 4 entry and resulted in Patel having no remaining directly owned Kennametal shares after the sale was completed.
Was the Kennametal (KMT) insider sale by Sagar A. Patel executed in a single trade?
The Form 4 notes the sale price is a weighted average, meaning the sale occurred through multiple trades. Those trades were executed at prices between $33.27 and $33.51 per share, resulting in the reported weighted average price of $33.50.