Lifevantage (LFVN) Director Increases Stake to 117,217 Shares with 450-Share Purchase
Rhea-AI Filing Summary
Darwin Lewis, a director of Lifevantage Corp (LFVN), reported an automatic purchase of common stock under a Rule 10b5-1 trading plan. On 09/16/2025 he acquired 450 shares at a price of $10.8499 per share, bringing his total beneficial ownership to 117,217 shares. The filing states the 10b5-1 plan was adopted on February 10, 2025. The Form 4 was signed on behalf of Mr. Lewis by a power of attorney on 09/18/2025. The report lists the transaction as a non-derivative acquisition and identifies Mr. Lewis as a director of the issuer.
Positive
- Transaction executed under a disclosed Rule 10b5-1 plan, which clarifies scheduling and reduces concerns about trading on material nonpublic information
- Complete disclosure of trade details: date (09/16/2025), price ($10.8499), shares acquired (450), and post-transaction beneficial ownership (117,217)
Negative
- None.
Insights
TL;DR: Director purchased 450 shares via an established 10b5-1 plan, increasing beneficial ownership to 117,217 shares.
The transaction is a routine insider purchase executed under a pre-existing Rule 10b5-1 plan adopted on February 10, 2025. The acquisition of 450 shares at $10.8499 is small relative to the reported post-transaction holding but is material to insider disclosure rules because it updates beneficial ownership. Execution under a 10b5-1 plan indicates the purchase was pre-scheduled rather than opportunistic trading based on contemporaneous material nonpublic information. The Form 4 was signed by a power of attorney on 09/18/2025.
TL;DR: Filing documents compliant insider activity; 10b5-1 plan adoption is disclosed and a POA signature is used.
The filing clearly identifies the reporting person as a director and discloses the 10b5-1 plan adoption date (02/10/2025), providing governance transparency. The placement of the trade as non-derivative and the precise price ($10.8499) and share count (450) fulfill Section 16 reporting requirements. Signature by a power of attorney on 09/18/2025 is noted, and the report lists beneficial ownership following the trade as 117,217 shares. No additional governance issues or deviations are stated in the document.