908 Devices (MASS) CEO sells 60,345 shares under Rule 10b5-1 trading plan
Rhea-AI Filing Summary
908 Devices Inc. President and CEO Kevin J. Knopp reported open‑market sales of 60,345 shares of common stock over three days at prices around $9.06–$9.14 per share. These transactions were made pursuant to a Rule 10b5‑1 trading plan adopted on May 20, 2025, indicating they were pre‑scheduled.
After these sales, Knopp directly holds 735,623 shares of 908 Devices common stock. In addition, 541,223 shares are held indirectly through The Kevin J. Knopp Irrevocable Trust of 2018, for which his brother‑in‑law serves as trustee with sole voting and dispositive power, and of which Knopp may be deemed the beneficial owner.
Positive
- None.
Negative
- None.
Insights
CEO Knopp executed pre‑planned sales of about 60K shares while retaining a large remaining stake.
CEO Kevin J. Knopp sold 60,345 shares of 908 Devices Inc. common stock in three open‑market transactions at prices around $9.10 per share. All sales were executed under a Rule 10b5‑1 trading plan adopted on May 20, 2025, suggesting routine portfolio management rather than opportunistic timing.
Following the transactions, Knopp still directly owns 735,623 shares, and 541,223 additional shares are held by The Kevin J. Knopp Irrevocable Trust of 2018, where he may be deemed a beneficial owner. The sold amount is a relatively small portion of his visible overall holdings, so the filing mainly updates ownership records rather than signaling a major shift in insider positioning.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,388 | $9.10 | $149K |
| Sale | Common Stock | 40,535 | $9.14 | $370K |
| Sale | Common Stock | 3,422 | $9.06 | $31K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.05 to $9.08 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3) and (4). The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.05 to $9.24 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.05 to $9.19 inclusive. The shares are owned directly by The Kevin J. Knopp Irrevocable Trust of 2018. The reporting person's brother-in-law is the trustee of The Kevin J. Knopp Irrevocable Trust of 2018 and has sole voting and dispositive control with respect to all securities held by such trust. The reporting person may be deemed to be the beneficial owner of the securities held by The Kevin J. Knopp Irrevocable Trust of 2018.