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PriceSmart (PSMT) insider sale amended: 4,877 shares at $110.62

PriceSmart (PSMT) reporting person Michael McCleary, EVP-Finance, disclosed an insider sale of 4,877 shares of common stock at $110.619 per share, leaving beneficial ownership of 51,959 shares.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

PriceSmart (PSMT) reporting person Michael McCleary, EVP-Finance, disclosed an insider sale of 4,877 shares of common stock at $110.619 per share, leaving beneficial ownership of 51,959 shares. The filing amends a prior Form 4 to correct earlier reported figures that had overstated the shares disposed and understated ending holdings. All other previously reported information remains unchanged.

Positive

  • Amendment corrected previously misstated numbers, improving transparency
  • Officer reported the sale, fulfilling Section 16 reporting obligations

Negative

  • An initial filing contained incorrect share disposition and ending holdings figures
  • Insider sale (4,877 shares) reduces executive ownership

Insights

TL;DR: A corrected insider sale was reported; figures were adjusted but the change is small relative to typical institutional holdings.

The amendment clarifies that 4,877 shares were sold at $110.619, with ending beneficial ownership of 51,959 shares. This is a routine disclosure of an officer disposition and the correction improves reporting accuracy. The transaction size appears modest and the amendment indicates controls to rectify filing errors.

TL;DR: The Form 4 amendment shows governance processes working to correct reporting errors, though an initial misreporting occurred.

The filing corrects previously misstated disposed shares and ending holdings. Timely amendment demonstrates remedial disclosure steps. The underlying insider sale is routine, but the initial inaccuracy highlights the importance of internal reporting controls for officers making transactions.

Insider McCleary Michael
Role EVP-Finance
Sold 4,877 shs ($539K)
Type Security Shares Price Value
Sale Common Stock, $0.0001 par value per share 4,877 $110.619 $539K
Holdings After Transaction: Common Stock, $0.0001 par value per share — 51,959 shares (Direct)
Footnotes (1)
  1. F1. Due to an inadvertent error, the Form 4 previously filed on September 11, 2025 incorrectly reported the number of shares disposed of as 9,754 and end of period holdings of 47,082 shares. The correct number of shares disposed of is 4,877 and the correct end of period holdings is 51,959. Except as corrected hereby, all other information in the original filing remains accurate.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Form 4/A for PriceSmart (PSMT) correct?
The amendment corrected the number of shares disposed from 9,754 to 4,877 and the ending holdings to 51,959 shares.

Who reported the transaction on the PriceSmart Form 4/A?
The reporting person is Michael McCleary, an officer serving as EVP-Finance.

How many shares were sold and at what price according to the filing?
The filing reports a sale of 4,877 shares at $110.619 per share.

Does the amendment change any other information in the original filing?
No. The amendment states that except for the corrected share counts, all other information in the original filing remains accurate.

What is the beneficial ownership after the reported transaction?
The reporting person beneficially owns 51,959 shares following the reported transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
McCleary Michael
(Last) (First) (Middle)
9740 SCRANTON RD.
(Street)
SAN DIEGO CA 92121
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PRICESMART INC [ PSMT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP-Finance
3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/11/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.0001 par value per share 09/09/2025 S 4,877 D $110.619 51,959(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Due to an inadvertent error, the Form 4 previously filed on September 11, 2025 incorrectly reported the number of shares disposed of as 9,754 and end of period holdings of 47,082 shares. The correct number of shares disposed of is 4,877 and the correct end of period holdings is 51,959. Except as corrected hereby, all other information in the original filing remains accurate.
Remarks:
/s/ Gualberto Hernandez 09/12/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

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