Matrix Service (MTRX) SVP Justin Sheets sells 16,991 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MATRIX SERVICE CO senior vice president of Enterprise Services Justin D. Sheets reported an open-market sale of company common stock. He sold 16,991 shares at a price of $13.50 per share.
After this transaction, Sheets directly holds 64,337 shares of Matrix Service common stock, indicating he retains a sizable continuing equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,991 shares ($229,379)
Net Sell
1 txn
Insider
SHEETS JUSTIN D
Role
SVP, Enterprise Services
Sold
16,991 shs ($229K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,991 | $13.50 | $229K |
Holdings After Transaction:
Common Stock — 64,337 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 16,991 shares
Sale price: $13.50 per share
Shares owned after transaction: 64,337 shares
+1 more
4 metrics
Shares sold
16,991 shares
Open-market sale on Common Stock
Sale price
$13.50 per share
Reported transaction price
Shares owned after transaction
64,337 shares
Direct ownership following sale
Transaction date
June 12, 2026
Date of open-market sale
Key Terms
Common Stock, open-market sale, Form 4, Senior Vice President, Enterprise Services
4 terms
Common Stock financial
"The transaction involved MATRIX SERVICE CO Common Stock held directly."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
open-market sale financial
"The filing classifies the transaction as an open-market sale of shares."
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.
Form 4 regulatory
"This insider transaction was reported to the SEC on 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.
Senior Vice President, Enterprise Services financial
"Justin D. Sheets serves as Senior Vice President, Enterprise Services."
FAQ
What insider transaction did MATRIX SERVICE CO (MTRX) report for Justin D. Sheets?
MATRIX SERVICE CO reported that Justin D. Sheets, SVP of Enterprise Services, sold common stock in an open-market transaction. The Form 4 shows one sale of 16,991 shares at $13.50 per share, updating his direct ownership position.
What does an open-market sale on a Form 4 mean for MATRIX SERVICE CO (MTRX)?
An open-market sale on a Form 4 means an insider sold shares through regular market trading. For MATRIX SERVICE CO, the filing records Justin D. Sheets’ sale of 16,991 common shares at $13.50, providing transparency into his recent trading activity.
Who is Justin D. Sheets in relation to MATRIX SERVICE CO (MTRX)?
Justin D. Sheets is an officer of MATRIX SERVICE CO, serving as Senior Vice President, Enterprise Services. As an executive, his trades in company common stock must be reported to the SEC using Form 4, detailing each transaction’s size and price.