Novanta (NOVT) CEO sells 6,500 shares under pre-set 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novanta Inc. Chief Executive Officer Matthijs Glastra reported an open-market sale of 6,500 shares of common stock. The shares were sold at a weighted-average price of $130.05 per share on April 17, 2026, under a pre-established Rule 10b5-1 trading plan.
Following this sale, he directly owns 56,761 shares of Novanta common stock and has an additional 54,382 shares held indirectly through the Matthijs Glastra 2021 Irrevocable Trust. The transaction was executed in multiple trades between $130.00 and $130.28 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 6,500 shares ($845,325)
Net Sell
2 txns
Insider
Glastra Matthijs
Role
Chief Executive Officer
Sold
6,500 shs ($845K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,500 | $130.05 | $845K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 56,761 shares (Direct, null);
Common Stock — 54,382 shares (Indirect, Matthijs Glastra 2021 Irrevocable Trust)
Footnotes (1)
- 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. This transaction was executed in multiple trades ranging from $130.00 to $130.28. 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
Weighted-average sale price: $130.05 per share
Price range of trades: $130.00–$130.28 per share
+3 more
6 metrics
Shares sold
6,500 shares
Open-market sale on April 17, 2026
Weighted-average sale price
$130.05 per share
Common stock sale on April 17, 2026
Price range of trades
$130.00–$130.28 per share
Multiple executions for the same transaction date
Direct holdings after sale
56,761 shares
Common stock directly owned after the reported sale
Indirect trust holdings
54,382 shares
Held via Matthijs Glastra 2021 Irrevocable Trust
Reported net share activity
-6,500 shares
Net buy/sell direction for this Form 4
Key Terms
Rule 10b5-1 trading plan, weighted-average price, open-market sale, indirect ownership, +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."
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""
Irrevocable Trust financial
"nature_of_ownership": "Matthijs Glastra 2021 Irrevocable Trust""
FAQ
What did Novanta (NOVT) CEO Matthijs Glastra report in this Form 4 filing?
He reported selling 6,500 shares of Novanta common stock in an open-market transaction. The sale occurred on April 17, 2026, under a pre-established Rule 10b5-1 trading plan, at a weighted-average price of $130.05 per share.
What additional details are provided about the Novanta (NOVT) trade execution?
The filing explains that the sale was executed in multiple trades between $130.00 and $130.28. The CEO undertakes to provide full trade details, including share amounts and specific prices, upon request from regulators, the issuer, or its security holders.