NPK International (NPKI) CFO trades options, sells 108,590 shares under 10b5-1 plan
Rhea-AI Filing Summary
NPK International Inc. Senior Vice President and CFO Gregg Piontek reported option exercises and share sales in the company’s stock. On March 4, 2026, he exercised 73,590 non-qualified stock options, acquiring the same number of common shares at a stated exercise price of $4.32 per share. He then sold 73,590 shares at a weighted average price of $14.0979 and a further 35,000 shares at a weighted average price of $14.0169 in open-market transactions. The filing notes that both the option exercise-related sale and the separate 35,000-share sale occurred automatically under a Rule 10b5-1 trading plan adopted on December 3, 2025. Following these transactions, Piontek directly holds 884,326 common shares and indirectly holds 65,000 shares through a trust/IRA arrangement.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 73,590 | $0.00 | -- |
| Exercise | Common Stock | 73,590 | $4.32 | $318K |
| Sale | Common Stock | 73,590 | $14.0979 | $1.04M |
| Sale | Common Stock | 35,000 | $14.0169 | $491K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The reported exercise of 73,590 options and subsequent sale of the shares acquired upon exercise 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 options were sold in multiple transactions in the open market at prices ranging from $14.00 to $14.31, 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 options sold at each separate price within the range set forth in footnote (2) to this Form 4. 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 $13.68 to $14.31, 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.
FAQ
What insider transactions did NPKI CFO Gregg Piontek report on March 4, 2026?
What is a Rule 10b5-1 trading plan mentioned in the NPKI Form 4?
Does the NPKI Form 4 indicate indirect holdings for Gregg Piontek?