Matrix Service (MTRX) CFO sells 3,491 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matrix Service Company VP Finance & CFO Kevin S. Cavanah reported open-market sales of 3,491 shares of common stock in June 2026 under a pre-arranged Rule 10b5-1 trading plan. The shares were sold in two transactions at prices around $14 per share.
After these sales, he directly holds 87,113 Matrix Service shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,491 shares ($48,911)
Net Sell
2 txns
Insider
Cavanah Kevin S
Role
VP Finance & CFO
Sold
3,491 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,418 | $14.0258 | $20K |
| Sale | Common Stock | 2,073 | $14.00 | $29K |
Holdings After Transaction:
Common Stock — 87,113 shares (Direct, null)
Footnotes (1)
- The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 23, 2026. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 TO $14.04, inclusive. The reporting person undertakes to provide to Matrix Service Company, any security holder of Matrix Service Company, 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.
Key Figures
Shares sold 15 Jun 2026: 1,418 shares at $14.0258
Shares sold 12 Jun 2026: 2,073 shares at $14.00
Total shares sold: 3,491 shares
+1 more
4 metrics
Shares sold 15 Jun 2026
1,418 shares at $14.0258
Open-market sale of common stock on June 15, 2026
Shares sold 12 Jun 2026
2,073 shares at $14.00
Open-market sale of common stock on June 12, 2026
Total shares sold
3,491 shares
Net shares sold across both reported transactions
Shares owned after sales
87,113 shares
Direct common stock holdings following June 2026 transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale","transaction_code_description": "Sale in open market or private transaction""
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.
FAQ
What insider transactions did MATRIX SERVICE CO (MTRX) report in this Form 4?
The Form 4 reports that VP Finance & CFO Kevin S. Cavanah sold 3,491 shares of Matrix Service common stock in June 2026 through open-market transactions executed under a Rule 10b5-1 trading plan.
Were the MATRIX SERVICE CO (MTRX) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2026. Such plans pre-schedule trades to provide structure for insider stock sales.