CFO at NPK International (NPKI) sells 35,000 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NPK International Inc. Senior Vice President and CFO Gregg Piontek reported an open-market sale of 35,000 shares of common stock at a weighted average price of $14.5104 per share. The sale occurred on April 1, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025.
After this transaction, Piontek directly held 834,326 shares of common stock. A separate entry shows 65,000 shares of common stock held indirectly, described as held by an IRA with a footnote stating these shares are indirectly held by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 35,000 shares ($507,864)
Net Sell
2 txns
Insider
Piontek Gregg
Role
Senior Vice President and CFO
Sold
35,000 shs ($508K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 35,000 | $14.5104 | $508K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 834,326 shares (Direct);
Common Stock — 65,000 shares (Indirect, by IRA)
Footnotes (1)
- The reported sale of 35,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2025. The price reported is the weighted average price. These shares were sold in multiple transactions in the open market at prices ranging from $14.33 to $14.68, 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. These shares are indirectly held by Trust.
Key Figures
Shares sold: 35,000 shares
Weighted average sale price: $14.5104 per share
Sale price range: $14.33–$14.68 per share
+3 more
6 metrics
Shares sold
35,000 shares
Open-market sale of common stock on April 1, 2026
Weighted average sale price
$14.5104 per share
Average price for 35,000 shares sold
Sale price range
$14.33–$14.68 per share
Range of prices for multiple open-market trades
Direct holdings after sale
834,326 shares
Common stock directly owned following the transaction
Indirect holdings
65,000 shares
Common stock held indirectly by IRA / trust
10b5-1 plan adoption date
December 3, 2025
Date CFO adopted trading plan used for this sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market, indirectly held, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The reported sale of 35,000 shares 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. These shares were sold in multiple transactions"
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 $14.33 to $14.68"
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.
indirectly held financial
"These shares are indirectly held by Trust."
IRA financial
"A separate entry shows 65,000 shares of common stock held indirectly, described as held by an IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider transaction did NPKI CFO Gregg Piontek report?
Gregg Piontek reported selling 35,000 shares of NPK International common stock in an open-market transaction. The weighted average sale price was $14.5104 per share, with trades executed between $14.33 and $14.68 according to the filing footnotes.
Does the NPKI Form 4 disclose any option exercises or derivative trades?
No derivative exercises are listed in the provided data. The transaction summary shows zero derivative transactions and zero exercise shares, indicating the reported activity involves only common stock and not options, warrants, or other derivative securities.