Proficient Auto Logistics (PAL) CFO purchases 4,000 shares in open-market trade
Rhea-AI Filing Summary
Proficient Auto Logistics, Inc reported that its Chief Financial Officer, Bradley J. Wright, purchased 4,000 shares of common stock on 2026-08-13 at a weighted average price of about $5.55 per share, within a range of $5.53 to $5.56. Following this open-market purchase, his directly held stake increased to 70,200 common shares.
He also reports indirect ownership of additional common shares: one position held in a UTMA account for his grandchildren, for which he serves as custodian and disclaims beneficial ownership except to the extent of his pecuniary interest, and another position held by his spouse. The Rule 10b5-1 trading-plan checkbox was not marked, indicating the transaction was not reported as made under a pre-arranged trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,000 shares
Net Buy
3 txns
Insider
Wright Bradley J.
Role
Chief Financial Officer
Bought
4,000 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 4,000 | $5.55 | $22K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,200 shares (Direct);
Common Stock — 2,935 shares (Indirect, See footnote)
Footnotes (3)
- F1. This transaction was executed in multiple trades at prices ranging from $5.53 to $5.56, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F2. Represents shares held by a UTMA account for the benefit of the Reporting Person's grandchildren, for which the Reporting Person serves as custodian. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3. Represents shares held by the Reporting Person's spouse.
Key Figures
Shares purchased: 4,000 shares
Weighted average purchase price: $5.55 per share
Direct holdings after transaction: 70,200 shares
+1 more
4 metrics
Shares purchased
4,000 shares
Common Stock acquired by CFO on 2026-08-13
Weighted average purchase price
$5.55 per share
Multiple trades executed between $5.53 and $5.56
Direct holdings after transaction
70,200 shares
CFO’s directly owned common shares following the purchase
Price range of trades
$5.53–$5.56 per share
Execution range for the 4,000-share purchase
Key Terms
weighted average price, UTMA account, pecuniary interest, beneficial ownership, +1 more
5 terms
weighted average price financial
"The price reported above reflects 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.
UTMA account financial
"Represents shares held by a UTMA account for the benefit of the Reporting Person's grandchildren."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did PAL CFO Bradley J. Wright report in this Form 4 transaction?
CFO Bradley J. Wright purchased 4,000 shares of Proficient Auto Logistics common stock on 2026-08-13 at a weighted average price of about $5.55 per share, increasing his directly held stake to 70,200 shares.
What indirect holdings does PAL CFO Bradley J. Wright report?
He reports indirect holdings of Proficient Auto Logistics common stock in a UTMA account for his grandchildren, where he is custodian, and in shares held by his spouse. He disclaims beneficial ownership of the UTMA securities except for his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
