Noble (NE) Insider Sale: 35,000 Shares Sold at $28.62
Joey M. Kawaja, SVP, Operations of Noble Corporation plc (NE), reported the sale of 35,000 ordinary shares on 09/05/2025.
Rhea-AI Filing Summary
Joey M. Kawaja, SVP, Operations of Noble Corporation plc (NE), reported the sale of 35,000 ordinary shares on 09/05/2025. The shares were sold at a weighted average price of $28.62 per share, with actual prices ranging from $28.53 to $28.72, and the reporting person owns 78,464 shares following the transaction. The Form 4 was filed as an individual filing and signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Disclosure provides transparent details on the sale including weighted average price and price range
- Form 4 was filed as an individual filing, clarifying the reporting structure
Negative
- Insider reduced direct ownership by 35,000 shares, lowering holdings to 78,464 shares
- Transaction may be perceived as material by some investors given the size of the sale (fact only)
Insights
TL;DR: Insider sale of 35,000 shares at a weighted $28.62, leaving 78,464 shares outstanding for the insider.
The filing shows a straightforward open-market disposal of 35,000 ordinary shares by an executive officer, reported on Form 4 for Noble Corporation plc (NE). The weighted average price and disclosed range provide clear execution detail. This transaction reduces the reporting person's direct share holdings but does not disclose any derivative activity or related transactions. As reported facts only, the item is a liquidity event by an insider rather than a company-level operational disclosure.
TL;DR: Timely Form 4 disclosure documents an officer sale, preserving regulatory transparency.
The report complies with Section 16 reporting by documenting the officer's sale and updated beneficial ownership. The form was filed by one reporting person and notarized via attorney-in-fact signature as shown. The filing contains an explicit weighted average price and the price range, which supports transparency for shareholders and regulators. No amendments or additional arrangements are indicated in the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | A Ordinary Shares | 35,000 | $28.62 | $1.00M |
Footnotes (1)
- F1. The price in column 4 is a weighted average. The prices actually received ranged from $28.53 to $28.72. For all transactions reported in this Form 4 utilizing a weighted average price, the Reporting Person undertakes to provide upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
FAQ
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