Legacy Education CEO trust sells 5,000 shares
Rhea-AI Filing Summary
Legacy Education Inc. (LGCY) reported that Chief Executive Officer and director LeeAnn Rohmann, through The LeeAnn Rollings Rohmann Trust U/A DTD 03/24/2025, sold 5,000 shares of common stock on August 10, 2026 in a sale in open market or private transaction under an affirmed Rule 10b5-1 trading plan.
The shares were sold at a weighted-average price of $10.5559 per share, with individual sale prices ranging from $10.3750 to $10.68. After this transaction, the trust indirectly holds 873,123 shares, over which LeeAnn Rohmann, as trustee, has the right to vote and dispose.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Rohmann LeeAnn
Role
Chief Executive Officer
Sold
5,000 shs ($53K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 5,000 | $10.5559 | $53K |
Holdings After Transaction:
Common Stock — 873,123 shares (Indirect, The LeeAnn Rollings Rohmann Trust U/A DTD 03/24/2025)
Footnotes (2)
- F1. This sales price reflects a weighted average of multiple prices ranging from $10.3750 to $10.68. Full information regarding the number of shares sold at each price will be provided to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer upon request.
- F2. LeeAnn Rohmann is the Trustee of The LeeAnn Rollings Rohmann Trust U/A DTD 03/24/2025 and in such capacity has the right to vote and dispose of the securities held by such trust.
Key Figures
Shares sold: 5,000 shares
Weighted-average sale price: $10.5559 per share
Sale price range: $10.3750–$10.68 per share
+2 more
5 metrics
Shares sold
5,000 shares
Common stock sold on August 10, 2026 by the CEO’s related trust
Weighted-average sale price
$10.5559 per share
Average price for the 5,000 shares sold on August 10, 2026
Sale price range
$10.3750–$10.68 per share
Range of individual trade prices for the August 10, 2026 sale
Shares held after transaction
873,123 shares
Indirectly held by The LeeAnn Rollings Rohmann Trust after the sale
Rule 10b5-1 status
Affirmed trading plan
Form 4 indicates transactions were under a Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, indirect ownership, weighted-average price, Trustee
4 terms
Rule 10b5-1 trading plan regulatory
"transactions were made under an affirmed Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
indirect ownership financial
"The holding is reported as indirect ownership, held through the trust"
weighted-average price financial
"shares were sold at a weighted-average price of $10.5559 per share"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
Trustee financial
"LeeAnn Rohmann is the Trustee of The LeeAnn Rollings Rohmann Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transaction did Legacy Education Inc. (LGCY) report on this Form 4?
Legacy Education Inc. reported that CEO and director LeeAnn Rohmann, via a related trust, sold 5,000 shares of common stock on August 10, 2026 in a sale in open market or private transaction.
Was the Legacy Education (LGCY) insider sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 indicates that the reported transactions were made under an affirmed Rule 10b5-1 trading plan, which is a pre-arranged trading program for insiders.
Is the Legacy Education (LGCY) insider holding reported on this Form 4 direct or indirect?
The holding is reported as indirect ownership, held through The LeeAnn Rollings Rohmann Trust U/A DTD 03/24/2025, with LeeAnn Rohmann serving as trustee.
AI-generated analysis. How Rhea-AI works. Not financial advice.