Novanta CEO sells 6,500 shares under 10b5-1 plan
Novanta Inc. Chief Executive Officer Matthijs Glastra sold 6,500 shares of common stock in open-market transactions on May 5, 2026, under a pre-established Rule 10b5-1 trading plan.
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Form Type
4
Rhea-AI Filing Summary
Novanta Inc. Chief Executive Officer Matthijs Glastra sold 6,500 shares of common stock in open-market transactions on May 5, 2026, under a pre-established Rule 10b5-1 trading plan. The trades were executed at weighted-average prices within disclosed ranges, and Glastra also reports indirect ownership of 54,382 shares through a 2021 irrevocable trust.
Insider Trade Summary 10b5-1
Net Seller: 6,500 shares
Net Sell
5 txns
Insider
Glastra Matthijs
Role
Chief Executive Officer
Sold
6,500 shs ($852K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,275 | $130.59 | $558K |
| Sale | Common Stock | 1,022 | $131.75 | $135K |
| Sale | Common Stock | 1,180 | $132.51 | $156K |
| Sale | Common Stock | 23 | $133.27 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,261 shares (Direct);
Common Stock — 54,382 shares (Indirect, Matthijs Glastra 2021 Irrevocable Trust)
Footnotes (5)
- 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 $130.21 to $131.16. 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 $131.24 to $132.24. 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 $132.25 to $133.08. 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 $133.27 to $133.30. 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.
Key Figures
Shares sold: 6,500 shares
Price range (tranche 1): $130.21–$131.16
Price range (tranche 2): $131.24–$132.24
+3 more
6 metrics
Shares sold
6,500 shares
Total common shares sold by CEO on May 5, 2026
Price range (tranche 1)
$130.21–$131.16
Multiple trades; weighted-average price disclosed in Form 4 footnote
Price range (tranche 2)
$131.24–$132.24
Multiple trades; weighted-average price disclosed in Form 4 footnote
Price range (tranche 3)
$132.25–$133.08
Multiple trades; weighted-average price disclosed in Form 4 footnote
Price range (tranche 4)
$133.27–$133.30
Multiple trades; weighted-average price disclosed in Form 4 footnote
Indirect holdings
54,382 shares
Common stock held via Matthijs Glastra 2021 Irrevocable Trust
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 insider transaction did NOVANTA INC (NOVT) disclose for its CEO?
NOVANTA INC reported that CEO Matthijs Glastra sold 6,500 shares of common stock in open-market transactions on May 5, 2026. These sales were made under a pre-established Rule 10b5-1 trading plan, indicating they were scheduled in advance rather than reactive trades.
Was the NOVANTA INC CEO’s Form 4 sale part of a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a pre-established Rule 10b5-1 trading plan adopted on September 11, 2025. Such plans are set up in advance to systematically sell shares, helping separate routine liquidity transactions from opportunistic trading decisions.
What does weighted-average price mean in the NOVT CEO’s Form 4 filing?
Weighted-average price means each reported sale price reflects the average of multiple trades executed within a price range on that day. Footnotes explain trades occurred in bands such as $130.21–$131.16, and the CEO agrees to provide exact trade prices and sizes on request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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