908 Devices Legal Chief Sells Entire Stock Position in $185K Transaction
Sentiment and the balance of points
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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
| 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 |
Footnotes (3)
- F1. Represents sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2. 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.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was the price range of MASS stock sales by Michael Turner on June 16, 2025?
Was Michael Turner's MASS stock sale part of a planned transaction?
What position does Michael Turner hold at MASS (908 Devices)?
How much MASS stock does Michael Turner own after the June 2025 transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.