Primoris Services Corp (PRIM) director sells 20,000 shares of stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primoris Services Corp director David Lee King sold 20,000 shares of Common Stock in open-market transactions. The sales occurred on May 26, 2026, at weighted-average prices around $118.55–$120.27 per share, executed through multiple trades within narrower price ranges. King continues to hold Primoris shares directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares ($2,381,801)
Net Sell
3 txns
Insider
King David Lee
Role
null
Sold
20,000 shs ($2.38M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,333 | $118.5497 | $1.46M |
| Sale | Common Stock | 3,917 | $119.6634 | $469K |
| Sale | Common Stock | 3,750 | $120.2683 | $451K |
Holdings After Transaction:
Common Stock — 22,608 shares (Direct, null)
Footnotes (1)
- These shares were sold in multiple transactions at prices ranging from $118.00 to $119.00 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $119.01 to $120.00 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $120.03 to $120.60 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 20,000 shares
First block sold: 3,750 shares at $120.2683
Second block sold: 3,917 shares at $119.6634
+4 more
7 metrics
Total shares sold
20,000 shares
Aggregate insider sales of Common Stock on May 26, 2026
First block sold
3,750 shares at $120.2683
Open-market sale of Common Stock
Second block sold
3,917 shares at $119.6634
Open-market sale of Common Stock
Third block sold
12,333 shares at $118.5497
Open-market sale of Common Stock
Price range footnote 1
$118.00–$119.00 per share
Multiple transactions within this range
Price range footnote 2
$119.01–$120.00 per share
Multiple transactions within this range
Price range footnote 3
$120.03–$120.60 per share
Multiple transactions within this range
Key Terms
open-market sale, Common Stock, multiple transactions, Form 4
4 terms
open-market sale financial
"transaction_action: "open-market sale" and code description "Sale in open market or private transaction""
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.
Common Stock financial
"security_title: "Common Stock" on each reported transaction line"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
multiple transactions financial
"footnotes state "These shares were sold in multiple transactions at prices ranging from...""
Form 4 regulatory
"INSIDER FILING DATA (Form 4) heading describing the insider report"
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 Primoris Services Corp (PRIM) disclose?
Primoris disclosed that director David Lee King sold 20,000 shares of Common Stock in open-market transactions on May 26, 2026. These sales were reported on a Form 4 insider trading filing with detailed pricing ranges.
Was the Primoris (PRIM) insider sale by David Lee King an open-market transaction?
Yes. The Form 4 classifies each transaction as an open-market sale of Primoris Common Stock. The sales used transaction code “S,” indicating open-market or private sale transactions under SEC reporting rules for insiders.