Photronics (PLAB) director’s foundation sells 50,000 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Photronics Inc. director Constantine S. Macricostas reported an insider transaction involving company common stock. An entity associated with him, Macricostas Family Foundation Inc., sold 50,000 shares of Photronics common stock in an open-market sale at $45.35 per share. These shares were held indirectly through the foundation. After this activity, Macricostas’ direct ownership is reported at 410,895 shares of Photronics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,000 shares ($2,267,500)
Net Sell
2 txns
Insider
MACRICOSTAS CONSTANTINE S
Role
Director
Sold
50,000 shs ($2.27M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 50,000 | $45.35 | $2.27M |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 0 shares (Indirect, By Macricostas Family Foundation Inc.);
COMMON STOCK — 410,895 shares (Direct)
Footnotes (1)
Key Figures
Shares sold: 50,000 shares
Sale price: $45.35 per share
Direct holdings after transaction: 410,895 shares
3 metrics
Shares sold
50,000 shares
Open-market sale of Photronics common stock
Sale price
$45.35 per share
Price for the 50,000-share open-market sale
Direct holdings after transaction
410,895 shares
Common stock directly owned by Constantine S. Macricostas
Key Terms
open-market sale, indirect, direct ownership, Form 4
4 terms
open-market sale financial
"sold 50,000 shares of Photronics common stock in an open-market sale at $45.35 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect financial
"These shares were held indirectly through the foundation"
direct ownership financial
"After this activity, Macricostas’ direct ownership is reported at 410,895 shares"
Form 4 regulatory
"as disclosed in the insider Form 4 filing"
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 PLAB director Constantine Macricostas report?
He reported an indirect sale of Photronics shares. Macricostas disclosed that Macricostas Family Foundation Inc. sold 50,000 shares of Photronics common stock in an open-market transaction at $45.35 per share, while his separate direct holdings remain intact.
Does the Form 4 show any derivative securities for Photronics (PLAB)?
No derivative positions are listed in this filing. The derivative section is empty, indicating no options, warrants, or other derivative securities are reported for Constantine S. Macricostas in this particular Form 4.