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Matrix Service (MTRX) CFO sells 56,509 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Matrix Service Company VP Finance & CFO Kevin S. Cavanah reported selling a total of 56,509 shares of common stock in open-market transactions. The sales occurred on June 4, 2026 and June 5, 2026 at weighted average prices of about $14.10 per share.

These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 23, 2026. After the sales, Cavanah directly holds 90,604 shares of Matrix Service common stock.

Positive

  • None.

Negative

  • None.
Insider Cavanah Kevin S
Role VP Finance & CFO
Sold 56,509 shs ($797K)
Type Security Shares Price Value
Sale Common Stock 6,509 $14.1266 $92K
Sale Common Stock 50,000 $14.0975 $705K
Holdings After Transaction: Common Stock — 90,604 shares (Direct, null)
Footnotes (1)
  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 $14.26, 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.005 TO $14.2499, 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.
Total shares sold 56,509 shares Net shares sold across two open-market transactions
Shares sold on June 4, 2026 50,000 shares Open-market sale of common stock
Shares sold on June 5, 2026 6,509 shares Open-market sale of common stock
Weighted average price June 4 $14.0975 per share Common stock sale weighted average price
Weighted average price June 5 $14.1266 per share Common stock sale weighted average price
Shares held after transactions 90,604 shares Direct holdings following reported sales
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""
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
"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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cavanah Kevin S
(Last)(First)(Middle)
15 EAST 5TH STREET
SUITE 1100
(Street)
TULSA OKLAHOMA 74103
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MATRIX SERVICE CO [ MTRX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP Finance & CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/04/2026S50,000(1)D$14.0975(2)97,113D
Common Stock06/05/2026S6,509(1)D$14.1266(3)90,604D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 23, 2026.
2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 TO $14.26, 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.
3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.005 TO $14.2499, 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.
Remarks:
Kevin S. Cavanah06/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

How many Matrix Service (MTRX) shares did CFO Kevin Cavanah sell?

Kevin S. Cavanah sold a total of 56,509 Matrix Service common shares in two open-market transactions. The sales were reported as part of a Form 4 filing and executed under a pre-arranged Rule 10b5-1 trading plan.

On what dates did the Matrix Service (MTRX) CFO share sales occur?

The reported sales by the Matrix Service CFO occurred on June 4, 2026 and June 5, 2026. Both transactions involved open-market sales of common stock at weighted average prices slightly above $14 per share.

What prices did Matrix Service (MTRX) shares sell for in the CFO’s Form 4?

The Matrix Service CFO’s reported sales had weighted average prices of $14.0975 and $14.1266 per share. The filing notes that each sale involved multiple trades within narrow ranges around these weighted average prices.

How many Matrix Service (MTRX) shares does the CFO hold after these sales?

Following the reported transactions, Kevin S. Cavanah directly holds 90,604 shares of Matrix Service common stock. This post-transaction holding reflects his remaining direct ownership after selling a total of 56,509 shares.

Were the Matrix Service (MTRX) CFO’s share sales made under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on February 23, 2026. Such plans allow insiders to schedule trades in advance, helping separate trading from day-to-day market decisions.

What type of transactions are reported in this Matrix Service (MTRX) Form 4?

The Form 4 reports open-market sales of common stock by the Matrix Service CFO, coded as “S” transactions. No derivative exercises, gifts, or tax-withholding entries are included in this particular filing.