908 Devices Executive Exits Position: Chief Legal Officer Sells All Remaining Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Michael S. Turner, Chief Legal & Administrative Officer of 908 Devices (MASS), executed a series of planned stock sales under a Rule 10b5-1 trading plan over three consecutive days in June 2025:
- June 16: Sold 16,082 shares at weighted average price of $7.5139
- June 17: Sold 7,148 shares at weighted average price of $7.506
- June 18: Sold remaining 1,373 shares at $7.50
The transactions resulted in a complete liquidation of Turner's direct common stock holdings, reducing his position from 24,603 shares to zero. All sales were executed pursuant to a pre-established Rule 10b5-1 trading plan, which provides a safe harbor from insider trading allegations by determining the timing and terms of trades in advance.
Positive
- None.
Negative
- Chief Legal & Admin Officer Michael Turner completely liquidated his position, selling all 24,603 shares worth approximately $185,000 through a 10b5-1 trading plan at around $7.50 per share
Insider Trade Summary
Net Seller: 24,603 shares ($184,789)
Net Sell
3 txns
Insider
Turner Michael S.
Role
Chief Legal & Admin Officer
Sold
24,603 shs ($185K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,373 | $7.50 | $10K |
| Sale | Common Stock | 7,148 | $7.506 | $54K |
| Sale | Common Stock | 16,082 | $7.5139 | $121K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- Represents sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.60, inclusive. The reporting person undertakes to provide to 908 Devices Inc., any security holder of 908 Devices Inc., 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 this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.54, inclusive. The reporting person undertakes to provide to 908 Devices Inc., any security holder of 908 Devices Inc., 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 this footnote.
FAQ
What was the price range of MASS stock sales by Michael Turner on June 16, 2025?
On June 16, 2025, Michael Turner sold shares at a weighted average price of $7.5139, with the actual sales occurring at prices ranging from $7.50 to $7.60 per share.
Was Michael Turner's MASS stock sale part of a planned transaction?
Yes, according to the filing, the sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Michael Turner. This indicates the transactions were part of a pre-planned trading arrangement rather than spontaneous sales.
What position does Michael Turner hold at MASS (908 Devices)?
Michael Turner serves as the Chief Legal & Administrative Officer at 908 Devices Inc. (MASS).
How much MASS stock does Michael Turner own after the June 2025 transactions?
Following the series of sales completed on June 18, 2025, Michael Turner owns 0.00 shares of MASS stock directly. The filing shows he completely liquidated his direct position in the company's common stock.