[Form 4] Perimeter Solutions, Inc. Insider Trading Activity
Perimeter Solutions insider transactions by CFO Kyle Sable: The reporting shows an option exercise and an immediate sale. The CFO exercised stock options to acquire 40,000 shares at an exercise price of $3.89 per share and then sold 40,000 shares at a weighted average price of $22.05 per share, resulting in zero shares beneficially owned following the transactions. The filing discloses the sale price range of the shares sold as approximately $21.85 to $22.46 and notes the filer can provide share-by-share price details on request.
- Exercise of options at a low exercise price of $3.89 demonstrates the CFO realized significant intrinsic value when selling at higher market prices
- Transparent pricing disclosure — the filing provides a weighted average sale price and a stated price range and offers further per-price details on request
- CFO reduced beneficial ownership to zero in common stock after the transactions, which is a significant ownership change
- Immediate sale of exercised shares could be viewed as reducing insider equity stake in the company
Insights
TL;DR: CFO exercised options and immediately sold all resulting shares, realizing a large spread between exercise and sale prices.
The filing documents a routine option exercise for 40,000 shares at $3.89 per share followed by a sale of those 40,000 shares at a weighted average of $22.05. From a market-impact perspective, the transactions are material in size for insider disclosure but the filing contains no information about the use of proceeds or any planned ongoing transactions. The disclosure of the sale price range ($21.85–$22.46) and the offer to provide per-price details is standard and preserves transparency.
TL;DR: The CFO reduced beneficial ownership to zero by exercising options then selling all shares; this is a noteworthy governance disclosure.
The report shows the Chief Financial Officer exercised option rights for 40,000 shares and subsequently sold the same amount, leaving no reported beneficial ownership in that class after the trades. While insider sales can be routine, the complete divestiture disclosed here is significant for stakeholders monitoring executive ownership and alignment with shareholders. The filing includes an explanation that the sale prices varied between $21.85 and $22.46, with a weighted average of $22.05.