McKesson (MCK) EVP Michele Lau sells 3,550 shares in planned Rule 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McKesson Corp executive Michele Lau, EVP and Chief Legal Officer, reported an open-market sale of common stock. Lau sold 3,550 shares at $761.09 per share, leaving 3,247 directly held shares after the transaction, plus 139.0253 shares held indirectly through the McKesson Corporation 401(k) Retirement Savings Plan.
The sale occurred on May 26, 2026 and was carried out as an open-market sale designated by transaction code “S”. A footnote states the sale was made pursuant to a previously adopted Rule 10b5-1(c) trading plan dated August 19, 2025, indicating it was pre-planned under SEC rules rather than a discretionary trade based on short-term market conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,550 shares ($2,701,870)
Net Sell
2 txns
Insider
Lau Michele
Role
EVP and Chief Legal Officer
Sold
3,550 shs ($2.70M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,550 | $761.09 | $2.70M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,247 shares (Direct, null);
Common Stock — 139.025 shares (Indirect, By the McKesson Corporation 401(k) Retirement Savings Plan)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 3,550 shares
Sale price: $761.09 per share
Direct holdings after sale: 3,247 shares
+3 more
6 metrics
Shares sold
3,550 shares
Open-market sale of McKesson common stock on May 26, 2026
Sale price
$761.09 per share
Price for the 3,550 McKesson shares sold
Direct holdings after sale
3,247 shares
Michele Lau’s directly held McKesson common stock post-transaction
Indirect 401(k) holdings
139.0253 shares
Shares held via McKesson Corporation 401(k) Retirement Savings Plan
Rule 10b5-1 plan date
August 19, 2025
Adoption date of pre-arranged trading plan cited in footnote
Transaction code
S
Indicates sale in open market or private transaction
Key Terms
Rule 10b5-1(c), open-market sale, McKesson Corporation 401(k) Retirement Savings Plan, Form 4
4 terms
Rule 10b5-1(c) regulatory
"in compliance with Rule 10b5-1(c)."
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
McKesson Corporation 401(k) Retirement Savings Plan financial
"By the McKesson Corporation 401(k) Retirement Savings Plan"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did McKesson (MCK) report for Michele Lau?
McKesson reported that EVP and Chief Legal Officer Michele Lau sold 3,550 shares of common stock in an open-market transaction. The sale was executed at $761.09 per share and left her with 3,247 directly held shares afterward.
Was Michele Lau’s McKesson (MCK) stock sale under a Rule 10b5-1 plan?
Yes. A footnote explains the sale was made under a previously adopted plan dated August 19, 2025 in compliance with Rule 10b5-1(c). Such plans pre-schedule trades, reducing the significance of short-term market timing decisions.
What does transaction code "S" mean in Michele Lau’s McKesson (MCK) Form 4?
Transaction code “S” in the Form 4 indicates a sale in the open market or a private transaction. For Michele Lau, this code applies to the disposition of 3,550 shares of McKesson common stock reported on May 26, 2026.