NE Form 4: Officer Denton Blake disposes 29,729 Noble shares
Rhea-AI Filing Summary
Denton Blake, identified as SVP, Marketing & Contracts and a director of Noble Corporation plc (NE), reported an insider sale on 09/08/2025. The Form 4 discloses a disposition of 29,729 ordinary shares at a weighted-average price of $29.78, with actual trade prices ranging from $29.76 to $29.85. After the reported transaction, the filing shows 83,182 shares beneficially owned. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/09/2025. No derivative transactions or additional material terms are reported in this filing.
Positive
- None.
Negative
- Insider sale: Disposal of 29,729 ordinary shares by an officer/director could be viewed negatively by some investors
- Reduced holdings: Beneficial ownership decreased to 83,182 shares following the transaction
Insights
TL;DR: Officer sale of 29,729 shares reduces direct holdings to 83,182; transaction disclosed via Form 4.
The reported sale is a straightforward Section 16 disclosure: 29,729 ordinary shares were disposed on 09/08/2025 at a weighted-average price of $29.78, with prices within $29.76–$29.85. The filing documents current beneficial ownership of 83,182 shares. There are no derivative positions or additional compensatory arrangements noted. For investors, this is a routine insider sale disclosure rather than a corporate operational development.
TL;DR: Timely Form 4 filing documents an officer/director sale; record signed by attorney-in-fact.
The Form 4 identifies the reporting person as both an officer and director and shows a reported disposition of shares with a clear price range and post-transaction ownership. The form was executed by an attorney-in-fact on 09/09/2025. The disclosure appears complete for the non-derivative transaction reported; no indications of plan-based sales or Rule 10b5-1 are provided in the document.