KN insider sells 10,000 shares at $20.94–$20.95; 62,537 remaining
On 07/29/2025, Air A. Bastarrica Jr.—Vice President & Controller of Knowles Corp (KN)—sold 10,000 common shares in open-market trades recorded at a weighted-average price of $20.94 (individual prices ranged $20.94-$20.95).
Rhea-AI Filing Summary
On 07/29/2025, Air A. Bastarrica Jr.—Vice President & Controller of Knowles Corp (KN)—sold 10,000 common shares in open-market trades recorded at a weighted-average price of $20.94 (individual prices ranged $20.94-$20.95). Approximate gross proceeds total about $0.21 million.
After the sale, the insider owns 62,537 KN shares directly; no derivative securities were reported. The footnote states that detailed trade-by-trade pricing will be provided upon request. No other transactions, amendments or Rule 10b5-1 notations appear in this filing.
Positive
- Insider retains 62,537 shares, indicating continued equity alignment with shareholders.
Negative
- Sale of 10,000 shares (≈14% of prior holdings) may be viewed as a modest bearish signal by some investors.
Insights
TL;DR: Routine insider sale; modest size; unlikely to move KN fundamentals.
The Form 4 shows a single open-market sale by a senior finance executive. The 10,000-share disposal equals roughly 14% of the filer’s pre-trade direct holdings, suggesting portfolio rebalancing rather than a wholesale exit. No derivative activity or 10b5-1 plan is cited, so timing appears discretionary. While insider selling can be perceived negatively, the transaction value (~$0.21 M) is immaterial relative to Knowles’ market cap and does not signal operational issues. Overall impact on valuation or governance outlook is neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $20.94 | $209K |
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.94 to $20.95 inclusive. The reporting person undertakes to provide to Knowles Corporation, any security holder of Knowles Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased/sold at each separate price within the ranges set forth in this footnote to this Form 4.
FAQ
Were any derivative securities involved in this Form 4 filing?
When was the transaction executed and when was the form filed?
What is Air A. Bastarrica Jr.’s position at Knowles Corporation?
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