LMB Form 4: Regional President Executes 10b5-1 Sale and Shares Gift
Rhea-AI Filing Summary
Jay A. Sharp, Regional President and officer of Limbach Holdings, Inc. (LMB), reported two transactions in the company’s common stock. On 09/15/2025 he sold 2,000 shares at $106.09 per share under a 10b5-1 trading plan adopted March 14, 2025, leaving him with 67,877 shares.
On 09/16/2025 he made a bona fide gift of 488 shares for no consideration, reducing his holdings to 67,389 shares. The Form 4 is signed by an attorney-in-fact on 09/17/2025. No derivative transactions or other conditions are reported in this filing.
Positive
- Clear disclosure of a 10b5-1 plan adoption date (March 14, 2025)
- Form 4 reports both sale and gift with post-transaction share counts specified
Negative
- None.
Insights
TL;DR: Insider sale under a pre-established 10b5-1 plan and a small gift, both routine and non-operational.
The 2,000-share sale at $106.09 under a 10b5-1 plan indicates a pre-scheduled disposition rather than an opportunistic trade; the plan adoption date of March 14, 2025 is disclosed. The subsequent 488-share transfer is documented as a bona fide gift with no consideration. The remaining direct holdings of 67,389 shares are explicitly stated. From a financial-materiality perspective, these transactions are modest relative to typical company float and represent routine insider liquidity and personal transfer, not a corporate financing or strategic change.
TL;DR: Proper reporting of an officer’s transactions, including 10b5-1 plan use and a gift, consistent with disclosure norms.
The Form 4 correctly identifies the reporting person’s role as Regional President, indicates the use of a 10b5-1 trading plan, and discloses a gift transaction. Signature by an attorney-in-fact is shown. There are no indications of derivative activity or other compensatory transactions in this filing. The disclosure appears complete for the transactions reported and follows Section 16 filing requirements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 488 | $0.00 | -- |
| Sale | Common Stock | 2,000 | $106.09 | $212K |
Footnotes (1)
- This transaction is part of a 10b5-1 plan adopted on March 14, 2025 by the reporting person. Represents a bona fide gift of shares of Limbach Holdings, Inc's. common stock for which no payment or consideration was received by the reporting person.