NPK International (NPKI) VP sells 8,325 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NPK International Inc. executive Lori Briggs reported an open-market sale of company stock. On June 8, 2026, the VP & President, Ind. Solutions sold 8,325 shares of NPK International common stock at a weighted average price of $14.7495 per share.
The sale occurred automatically under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025. Following this transaction, Briggs directly holds 247,165 shares of NPK International common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,325 shares ($122,790)
Net Sell
1 txn
Insider
Briggs Lori
Role
VP & President, Ind. Solutions
Sold
8,325 shs ($123K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,325 | $14.7495 | $123K |
Holdings After Transaction:
Common Stock — 247,165 shares (Direct, null)
Footnotes (1)
- The reported sale of 8,325 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025. The price reported is the weighted average price. These shares were sold in multiple transactions in the open market at prices ranging from $14.40 to $15.03, 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: 8,325 shares
Weighted average sale price: $14.7495 per share
Post-transaction holdings: 247,165 shares
+1 more
4 metrics
Shares sold
8,325 shares
Open-market sale on June 8, 2026
Weighted average sale price
$14.7495 per share
Common stock sale
Post-transaction holdings
247,165 shares
Common stock directly held after sale
Price range of trades
$14.40–$15.03 per share
Range for individual 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
"occurred automatically pursuant to a 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 is the weighted average price."
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
"sold in multiple transactions in the open market at prices ranging"
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 NPKI executive Lori Briggs report?
Lori Briggs reported selling 8,325 shares of NPK International common stock. The transaction was an open-market sale at a weighted average price of $14.7495 per share, documented in a Form 4 insider filing.
At what price did Lori Briggs sell NPKI common stock?
The reported weighted average sale price was $14.7495 per share. Shares were sold in multiple open-market trades within a price range from $14.40 to $15.03, as disclosed in the Form 4 footnotes.
Was the NPKI insider sale by Lori Briggs under a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state the 8,325-share sale occurred automatically under a Rule 10b5-1 trading plan that Briggs adopted on December 15, 2025, indicating the trades were pre-arranged rather than discretionary.
What role does Lori Briggs hold at NPK International Inc. (NPKI)?
Lori Briggs serves as VP & President, Industrial Solutions at NPK International Inc. This officer role is disclosed in the Form 4, which identifies her as an executive reporting person for the insider transaction.