[Form 4] Natural Gas Services Group, Inc. Insider Trading Activity
Stephen C. Taylor, a director of Natural Gas Services Group, Inc. (NGS), reported open-market sales on 08/22/2025 executed under a Rule 10b5-1 trading plan established May 16, 2025. The Form 4 shows two separate stock sale entries of 10,000 shares each at weighted-average prices of $26.5025 and $26.0035, reducing his reported direct common stock holdings to 413,334 shares after the transactions. The filing also discloses indirect beneficial ownership of 133,701 shares held in a Rabbi Trust and reported restricted stock units totaling 8,651 shares (4,456 and 4,195) tied to common stock. The form is signed and dated 08/22/2025.
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Insights
TL;DR: Director sold 20,000 shares via a pre-established 10b5-1 plan; holdings remain substantial and an indirect stake is held in a Rabbi Trust.
The transaction is a routine insider sale executed under a 10b5-1 plan, which limits immediate interpretive value about company prospects because the plan predates the sales. The reported sales totaled 20,000 shares at weighted-average prices of $26.5025 and $26.0035, modest relative to the reported direct and indirect holdings (413,334 direct after sales plus 133,701 indirect). For investors, this filing documents liquidity activity by a director but does not, by itself, provide evidence of material change in company fundamentals.
TL;DR: Use of a documented 10b5-1 plan demonstrates procedural compliance; disclosure includes direct, indirect, and RSU holdings.
The Form 4 provides clear disclosure of the director's sales under a 10b5-1 plan established May 16, 2025, which supports the affirmative-defense posture for insider trades. The filing separately identifies direct ownership changes and an indirect holding via a Rabbi Trust, plus outstanding restricted stock units. From a governance perspective, the form meets disclosure expectations by specifying weighted-average sale prices and offering to provide breakdowns of trade prices within the reported ranges.