Director at NPK International (NPKI) sells 2,013 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NPK International Inc. director Lewis Michael A reported an open-market sale of 2,013 shares of Common Stock at a weighted average price of $15.3017 per share on May 15, 2026. The sale was executed automatically under a Rule 10b5-1 trading plan adopted on March 7, 2025, and he held 129,320 shares afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,013 shares ($30,802)
Net Sell
1 txn
Insider
Lewis Michael A
Role
null
Sold
2,013 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,013 | $15.3017 | $31K |
Holdings After Transaction:
Common Stock — 129,320 shares (Direct, null)
Footnotes (1)
- The reported sale of 2,013 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2025. The price reported is the weighted average price. These shares were sold in multiple transactions in the open market at prices ranging from $15.21 to $15.54, inclusive. The reporting person undertakes to provide to NPK International Inc., any security holder of NPK International Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
Key Figures
Shares sold: 2,013 shares
Weighted average sale price: $15.3017 per share
Post-transaction holdings: 129,320 shares
+1 more
4 metrics
Shares sold
2,013 shares
Open-market sale on May 15, 2026
Weighted average sale price
$15.3017 per share
Common Stock sale
Post-transaction holdings
129,320 shares
Shares directly owned after sale
Price range of trades
$15.21–$15.54 per share
Multiple open-market transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The reported sale of 2,013 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2025."
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 is the weighted average price. These shares were sold in multiple transactions in the open market..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market financial
"These shares were sold in multiple transactions in the open market at prices ranging from $15.21 to $15.54, inclusive."
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Form 4 regulatory
"within the range set forth in footnote (2) to this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did NPK International (NPKI) report on this Form 4?
NPK International reported that director Lewis Michael A sold 2,013 shares of Common Stock in an open-market transaction at a weighted average price of $15.3017 per share, leaving him with 129,320 shares directly owned after the sale.
Was the NPK International (NPKI) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the 2,013-share sale occurred automatically under a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2025, indicating the trades were pre-arranged rather than opportunistic discretionary sales.
What does the price range in the NPK International (NPKI) Form 4 represent?
The filing notes that shares were sold at prices between $15.21 and $15.54. The reported $15.3017 figure is a weighted average, and the reporting person offers to provide detailed trade-by-trade pricing information upon request to investors or regulators.