PATK Insider Sale: Director Sold 4,572 Shares at $112.67 on 08/19/2025
Michael A. Kitson, a director of Patrick Industries, Inc. (PATK), reported an insider sale on 08/19/2025.
Rhea-AI Filing Summary
Michael A. Kitson, a director of Patrick Industries, Inc. (PATK), reported an insider sale on 08/19/2025. The Form 4 shows Mr. Kitson disposed of 4,572 shares of common stock in multiple trades at a weighted average price of $112.67, with individual trade prices ranging from $112.657 to $112.96. After the reported sale he beneficially owned 11,850 shares. The filing was signed by Mr. Kitson via attorney-in-fact Joel D. Duthie and includes an undertaking to provide a breakdown of the number of shares sold at each price within the stated range upon request.
Positive
- Timely and compliant disclosure: The Form 4 records the insider transaction and offers to provide per-trade details on request
- Precise pricing disclosure: The filing lists a weighted average price and the range of trade prices for transparency
Negative
- Reduction in insider ownership: The reporting person disposed of 4,572 shares, lowering direct beneficial holdings to 11,850 shares
- No explanation provided: The filing does not state whether the sale was pursuant to a 10b5-1 plan or the reason for the disposition
Insights
TL;DR: Routine insider sale disclosed; shows compliance with Section 16 reporting but no contextual explanation for the sale.
The Form 4 documents a sale by a company director executed on 08/19/2025 and includes the required disclosure of share counts and weighted average price. The filing’s inclusion of an offer to provide per-trade details is consistent with transparent reporting practices. The report does not provide any information about the reason for the sale, any planned trading arrangements, or whether sales were pre-arranged under a 10b5-1 plan.
TL;DR: Director sold 4,572 shares at ~$112.67; remaining beneficial ownership is 11,850 shares.
The transaction reduces the director’s direct beneficial stake by 4,572 shares on the reported date, with a disclosed weighted average sale price of $112.67 and a narrow reported price range. No derivative transactions or other securities changes are reported. As reported, the sale is a standalone disposition and does not include context such as trading plan status or proportion of total holdings represented by the sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,572 | $112.67 | $515K |
Footnotes (1)
- F1. The price quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.657 to $112.96, inclusive. The Reporting Person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, 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 price range set forth in this footnote.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did PATK report on Form 4 filed for 08/19/2025?
Was the Form 4 signed and who signed it for the reporting person?
Does the filing state if the sale was part of a 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.