[Form 4] OptimizeRx Corporation Insider Trading Activity
OptimizeRx director Patrick D. Spangler reported selling 11,120 shares of OptimizeRx Corp (OPRX) on 08/28/2025 at a weighted average price of $17.49 per share, with individual sale prices ranging from $17.47 to $18.43. After the reported disposition the filing shows the reporting person beneficially owned 44,215 shares, held directly. The Form 4 indicates the sale was executed in multiple transactions and the filer offers to provide detailed per-price allocation on request. The statement is limited to this single non-derivative sale and includes a standard reservation that the filer does not concede beneficial ownership for all purposes.
- None.
- Director sold 11,120 shares reducing direct beneficial ownership to 44,215 shares, which may be viewed negatively by some investors
- Sale executed in multiple transactions at varying prices ($17.47–$18.43), potentially indicating active disposition rather than a single planned trade
Insights
TL;DR: Director sold a portion of holdings, reducing direct ownership to 44,215 shares; transaction appears routine without additional context.
The sale of 11,120 shares at a weighted average of $17.49 reduces the director's direct stake but the filing provides no context on motivation, plan-based trading, or proportion relative to total outstanding shares. Without information on total insider holdings, company market capitalization, or contemporaneous corporate events, this single Form 4 has limited standalone informational value for valuation models. Investors seeking material insight should request the per-price allocation noted in the footnote and monitor subsequent insider filings for pattern changes.
TL;DR: Insider sale disclosed by a director; filing includes customary disclaimers and an offer to supply transaction details.
The Form 4 is procedurally complete for the reported non-derivative dispositions and properly discloses the weighted-average price range and the director status of the reporting person. The filing's explicit reservation about beneficial ownership and the offer to provide detailed price allocation are standard. From a governance perspective, a single sale by a director does not alone indicate governance concerns, but ongoing monitoring of insider activity and any rule 10b5-1 plan disclosures would clarify whether trades are pre-planned or discretionary.