Legacy Education (LGCY) CEO’s trust sells 5,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Legacy Education Inc. director and Chief Executive Officer LeeAnn Rohmann, through The LeeAnn Rollings Rohmann Trust, reported selling 5,000 shares of common stock on 2026-08-10 at a weighted average price of $11.2999 per share under a Rule 10b5-1 trading plan, leaving the trust with 878,123 shares held indirectly.
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 ($56K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 5,000 | $11.2999 | $56K |
Holdings After Transaction:
Common Stock — 878,123 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 $11.16 to $11.445. 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: $11.2999 per share
Shares held after transaction: 878,123 shares
3 metrics
Shares sold
5,000 shares
Common stock sold on 2026-08-10 by trust associated with CEO
Weighted average sale price
$11.2999 per share
Weighted average price for 5,000 shares sold; prices ranged $11.16–$11.445
Shares held after transaction
878,123 shares
Indirectly held by The LeeAnn Rollings Rohmann Trust after the sale
Key Terms
Rule 10b5-1, indirect ownership, weighted average, voting and dispositive power
4 terms
Rule 10b5-1 regulatory
"The transaction was effected under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
indirect ownership financial
"The shares are held as indirect ownership through a trust"
weighted average financial
"This sales price reflects a weighted average of multiple prices"
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
voting and dispositive power financial
"has the right to vote and dispose of the securities held by such trust"
FAQ
What did Legacy Education Inc. (LGCY) disclose in this Form 4?
Legacy Education Inc. reported that CEO and director LeeAnn Rohmann, via a trust, sold 5,000 shares of common stock on 2026-08-10, leaving the trust with 878,123 shares held indirectly after the transaction.
Was the Legacy Education (LGCY) CEO’s stock sale under a Rule 10b5-1 plan?
Yes. The filing indicates the transaction was effected under a Rule 10b5-1 trading plan, meaning the sale was made pursuant to a pre-arranged trading agreement rather than being initiated at the insider’s discretion.
Is the Legacy Education (LGCY) CEO’s sale a direct or indirect transaction?
The transaction is reported as indirect ownership. The 5,000 shares were sold by The LeeAnn Rollings Rohmann Trust, for which LeeAnn Rohmann serves as trustee with voting and dispositive power over the securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.