Novanta CEO sells 6,500 shares under trading plan
Novanta Inc. director and CEO Matthijs Glastra reported open-market sales of 6,500 shares of common stock on June 2, 2026.
Rhea-AI Filing Summary
Novanta Inc. director and CEO Matthijs Glastra reported open-market sales of 6,500 shares of common stock on June 2, 2026. The shares were sold in multiple transactions at prices ranging from $164.61 to $171.28, according to the Form 4 data.
The filing shows Glastra now directly owns 36,261 Novanta shares and indirectly holds 54,382 shares through the Matthijs Glastra 2021 Irrevocable Trust. The sales were executed under a pre-established Rule 10b5-1 trading plan adopted on September 11, 2025, indicating they were pre-arranged rather than discretionary trades.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 6,500 shares
Net Sell
7 txns
Insider
Glastra Matthijs
Role
Chief Executive Officer
Sold
6,500 shs ($1.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 38 | $164.61 | $6K |
| Sale | Common Stock | 500 | $166.19 | $83K |
| Sale | Common Stock | 1,420 | $167.68 | $238K |
| Sale | Common Stock | 2,841 | $168.76 | $479K |
| Sale | Common Stock | 1,301 | $169.76 | $221K |
| Sale | Common Stock | 400 | $171.28 | $69K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 36,261 shares (Direct);
Common Stock — 54,382 shares (Indirect, Matthijs Glastra 2021 Irrevocable Trust)
Footnotes (6)
- F1. The sales reported in this Form 4 were effected pursuant to a pre-established Rule 10b5-1 trading plan that was adopted on September 11, 2025 through a trust for which the reporting person's spouse is a trustee.
- F2. This transaction was executed in multiple trades ranging from $165.87 to $166.41. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3. This transaction was executed in multiple trades ranging from $167.11 to $168.05. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4. This transaction was executed in multiple trades ranging from $168.30 to $169.30. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5. This transaction was executed in multiple trades ranging from $169.39 to $170.11. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F6. This transaction was executed in multiple trades ranging from $170.78 to $171.70. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Shares sold: 6,500 shares
Sale price range: $164.61–$171.28 per share
Direct holdings after sale: 42,723 shares
+3 more
6 metrics
Shares sold
6,500 shares
Total common shares sold on June 2, 2026
Sale price range
$164.61–$171.28 per share
Range of reported sale prices on June 2, 2026
Direct holdings after sale
42,723 shares
Common stock directly owned following transactions
Indirect holdings via trust
54,382 shares
Common stock held through Matthijs Glastra 2021 Irrevocable Trust
Transaction date
June 2, 2026
Date of reported open-market sales
Trading plan adoption date
September 11, 2025
Adoption date of pre-established Rule 10b5-1 plan
Key Terms
Rule 10b5-1 trading plan, weighted-average price, irrevocable trust, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a pre-established Rule 10b5-1 trading plan"
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 above reflects the weighted-average price."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
irrevocable trust financial
"Matthijs Glastra 2021 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
open-market sale financial
"transaction_action": "open-market sale""
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.
indirect ownership financial
"ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the role of the Matthijs Glastra 2021 Irrevocable Trust in Novanta (NOVT) holdings?
The Form 4 reports 54,382 Novanta shares held indirectly through the Matthijs Glastra 2021 Irrevocable Trust. A footnote explains the Rule 10b5-1 trading plan was adopted through this trust, for which the reporting person’s spouse is a trustee.
What does the Novanta (NOVT) Form 4 reveal about the type of transactions?
The Form 4 describes the CEO’s trades as open-market sales of common stock, coded as “S” transactions. Footnotes explain several were executed in multiple trades within specified price ranges, reported using weighted-average prices for each transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
