908 Devices (MASS) CEO Knopp logs small 222-share sale under Rule 10b5-1 plan
Rhea-AI Filing Summary
908 Devices Inc. President and CEO Kevin J. Knopp reported an open-market sale of 222 shares of common stock at a weighted average price of $9.07 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 20, 2025.
After this sale, Knopp directly holds 732,603 shares of common stock. Separately, 541,223 shares are held indirectly through The Kevin J. Knopp Irrevocable Trust of 2018, for which his brother-in-law, as trustee, has sole voting and dispositive control, while Knopp may be deemed a beneficial owner.
Positive
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Negative
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Insights
CEO executes a very small 10b5-1 planned sale, overall position remains large.
The filing shows CEO Kevin J. Knopp sold 222 shares of 908 Devices common stock at a weighted average of $9.07 per share. The transaction is coded as an open-market sale and was carried out under a pre-established Rule 10b5-1 trading plan adopted on May 20, 2025, indicating it was pre-planned rather than opportunistic.
Following the transaction, Knopp directly holds 732,603 shares, and another 541,223 shares are held in an irrevocable trust where his brother-in-law, as trustee, has sole voting and dispositive power, although Knopp may be deemed a beneficial owner. Relative to these holdings, selling 222 shares is minor and appears as routine portfolio activity rather than a thesis-changing move.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 222 | $9.07 | $2K |
| 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 $9.062 to $9.07 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 range set forth in this footnote. 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.