Perimeter Solutions (PRM) director sells 325,000 shares in open-market trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perimeter Solutions, Inc. director William N. Thorndike Jr. reported selling a total of 325,000 shares of common stock in open-market transactions. The sales took place over three days, with 125,000 shares sold on March 4, 2026, 100,000 shares on March 5, 2026, and 100,000 shares on March 6, 2026.
The reported weighted average sale prices were $24.26 on March 4, $24.06 on March 5, and $23.63 on March 6, 2026, with actual trade prices on each day ranging within the bands described in the footnotes. Following these transactions, Thorndike directly held 8,860,656 shares of Perimeter Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 325,000 shares ($7,801,500)
Net Sell
3 txns
Insider
Thorndike William N Jr
Role
Director
Sold
325,000 shs ($7.80M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100,000 | $23.63 | $2.36M |
| Sale | Common Stock | 100,000 | $24.06 | $2.41M |
| Sale | Common Stock | 125,000 | $24.26 | $3.03M |
Holdings After Transaction:
Common Stock — 8,860,656 shares (Direct)
Footnotes (1)
- Represents the weighted average price of the shares sold on March 4, 2026. The prices of the shares sold pursuant to the transaction ranged from approximately $23.85 to $24.53 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of the shares sold on March 5, 2026. The prices of the shares sold pursuant to the transaction ranged from approximately $23.66 to $24.40 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of the shares sold on March 6, 2026. The prices of the shares sold pursuant to the transaction ranged from approximately $23.37 to $23.99 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
FAQ
What insider transaction did Perimeter Solutions (PRM) disclose in this Form 4?
Perimeter Solutions reported that director William N. Thorndike Jr. sold 325,000 shares of common stock in open-market transactions over three days in March 2026, while remaining a large shareholder after the trades with 8,860,656 shares held directly.
Were the Perimeter Solutions (PRM) insider transactions direct or indirect holdings?
The Form 4 classifies all three transactions as involving direct ownership, coded as "D" for the nature of ownership. There are no footnote disclosures indicating indirect holdings through entities such as trusts, partnerships, or family investment vehicles.
What do the Form 4 footnotes say about the PRM sale prices?
Each footnote states that the reported sale price for that day is a weighted average. Actual trade prices ranged within specified bands, and the reporting person offers to provide full details on the number of shares sold at each separate price upon request.