Novanta (NOVT) CEO disposes 6,500 shares via Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novanta Inc. Chief Executive Officer Matthijs Glastra reported selling a total of 6,500 shares of Novanta common stock on February 2, 2026. The sales were executed in several trades at weighted-average prices between $134.52 and $137.38 per share.
The transactions were made under a pre-established Rule 10b5-1 trading plan adopted on September 11, 2025 through a trust for which the reporting person’s spouse is a trustee. Following these sales, Glastra directly held 64,867 shares and indirectly held 54,382 shares through the Matthijs Glastra 2021 Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,500 shares ($878,459)
Net Sell
5 txns
Insider
Glastra Matthijs
Role
Chief Executive Officer
Sold
6,500 shs ($878K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,606 | $134.52 | $485K |
| Sale | Common Stock | 1,738 | $135.50 | $235K |
| Sale | Common Stock | 1,108 | $136.54 | $151K |
| Sale | Common Stock | 48 | $137.38 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 67,761 shares (Direct);
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 $133.96 to $134.95. 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. This transaction was executed in multiple trades ranging from $134.98 to $135.93. 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. This transaction was executed in multiple trades ranging from $136.02 to $136.92. 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. This transaction was executed in multiple trades ranging from $137.29 to $137.45. 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.
FAQ
What insider transaction did Novanta (NOVT) report for its CEO?
Novanta reported that CEO and director Matthijs Glastra sold 6,500 shares of common stock on February 2, 2026. The sales occurred in multiple trades at weighted-average prices between $134.52 and $137.38 per share, as disclosed in the Form 4 filing.
Was the Novanta (NOVT) CEO sale part of a trading plan?
Yes. The Form 4 states the sales were effected under a pre-established Rule 10b5-1 trading plan. That plan was adopted on September 11, 2025 through a trust for which the reporting person’s spouse serves as a trustee.
What role does the trust play in the Novanta (NOVT) CEO’s holdings?
The filing shows 54,382 Novanta shares held indirectly through the Matthijs Glastra 2021 Irrevocable Trust. The sales were executed via a Rule 10b5-1 plan adopted through a trust where the CEO’s spouse is a trustee, as disclosed in the footnotes.
What is the position of the insider involved in this Novanta (NOVT) Form 4?
The reporting person, Matthijs Glastra, is both a director and the Chief Executive Officer of Novanta Inc. He is not listed as a 10% owner in the filing, but reports direct and indirect beneficial ownership of Novanta common stock.