NPK International (NPKI) director sale under 10b5-1 plan
Rhea-AI Filing Summary
NPK International Inc. (NPKI) director Lewis Michael A reported selling 2,013 shares of common stock on August 17, 2026 at a weighted average price of $14.2599 per share. The transaction was executed automatically under a Rule 10b5-1 trading plan adopted on March 7, 2025, and left him holding 135,865 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,013 shares
Net Sell
1 txn
Insider
Lewis Michael A
Role
Director
Sold
2,013 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 2,013 | $14.2599 | $29K |
Holdings After Transaction:
Common Stock — 135,865 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. The price reported is the weighted average price. These shares were sold in multiple transactions in the open market at prices ranging from $14.15 to $14.40, 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: $14.2599 per share
Shares owned after transaction: 135,865 shares
+2 more
5 metrics
Shares sold
2,013 shares
Common stock sold on August 17, 2026 in a code S transaction
Weighted average sale price
$14.2599 per share
Weighted average for multiple open-market sales ranging from $14.15 to $14.40
Shares owned after transaction
135,865 shares
Directly owned NPK International Inc. common stock following the sale
Net shares sold
2,013 shares
Net sell volume across all reported transactions in this Form 4
Rule 10b5-1 plan adoption date
March 7, 2025
Date the reporting person adopted the trading plan used for this sale
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 adopted"
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 market
"sold in multiple transactions in the open market at prices"
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
"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 director Lewis Michael A report?
Director Lewis Michael A reported a sale of 2,013 NPKI common shares on August 17, 2026 at a weighted average price of $14.2599 per share, executed as part of a pre-arranged Rule 10b5-1 trading plan.
Was the NPKI insider sale by Lewis Michael A under a Rule 10b5-1 plan?
Yes. The reported sale of 2,013 NPKI shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Lewis Michael A on March 7, 2025, indicating it was pre-arranged.
AI-generated analysis. How Rhea-AI works. Not financial advice.