S CEO converted 42,898 Class B to A and executed 10b5-1 sales
Rhea-AI Filing Summary
Insider transactions by SentinelOne (S): The company's President & CEO converted 42,898 shares of Class B common stock into 42,898 shares of Class A common stock and then sold 57,941 shares under a Rule 10b5-1 trading plan adopted on 06/03/2025. The sales were executed at a weighted average price of $18.0154, with reported sale prices ranging from $17.84 to $18.245. After these transactions the reporting person directly beneficially owns 1,283,939 shares of Class A common stock and, indirectly by trust, an additional 423,629 shares.
The Form 4 discloses that some shares remain subject to forfeiture if vesting conditions are not met and that the conversion of Class B to Class A follows the securities' standard conversion mechanics. The filing was signed by an attorney-in-fact on 10/07/2025.
Positive
- Adoption of a Rule 10b5-1 plan (adopted 06/03/2025) provides pre-planned sale execution and legal clarity
- Conversion of 42,898 Class B to Class A shares increased directly held Class A shares by 42,898
- Transparent pricing disclosure: sale range $17.84–$18.245 with weighted average $18.0154
Negative
- Net reduction in direct Class A holdings from the reported sales to 1,283,939 shares
- Some shares remain subject to forfeiture if underlying vesting conditions are not met, which could affect ultimate ownership
- Increase in freely tradable Class A float due to conversion may marginally dilute control tied to Class B shares
Insights
Insider converted Class B shares and executed a planned sale under a 10b5-1 plan.
The reporting person converted 42,898 Class B shares into Class A shares, increasing the number of freely tradable Class A shares held directly. Conversion rights and automatic conversion triggers are described and follow the issuer's charter provisions.
Sales of 57,941 shares were effected under a Rule 10b5-1 plan adopted on 06/03/2025, reducing direct holdings to 1,283,939 Class A shares. Monitor any future filings for additional scheduled trades or changes to vesting/forfeiture conditions within the next 12 months.
Sales represent a modest disposition at ~$18.02 weighted average, while conversion increased Class A float.
The reported sale price range was $17.84–$18.245 and the weighted average price is $18.0154. The conversion of 42,898 Class B shares to Class A increases the pool of publicly tradeable Class A shares.
These moves are routine for insiders using 10b5-1 plans; investors may check upcoming Form 4s for additional volume or trust-related holdings updates over the next few quarters.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 42,898 | $0.00 | -- |
| Conversion | Class A Common Stock | 42,898 | $0.00 | -- |
| Sale | Class A Common Stock | 57,941 | $18.0154 | $1.04M |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the number of shares that were acquired upon conversion of Class B common stock to Class A common stock. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.84 to $18.245, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met. Each share of Class B common stock is convertible into one share of Class A common stock at any time and will convert automatically upon certain transfers and upon the earliest of (i) the date specified by a vote of the holders of 66 2/3% of the then outstanding shares of Class B common stock, (ii) seven years from the effective date of the Issuer's initial public offering ("IPO"), (iii) the first date following the IPO on which the number of shares of outstanding Class B common stock (including shares of Class B common stock subject to outstanding stock options) held by the reporting person, including certain entities that the reporting person controls, is less than 25% of the number of shares of Class B common stock (including shares of Class B common stock subject to outstanding stock options) that the reporting person originally held as of the date of the IPO, (continued from footnote 6) (iv) the date fixed by the Issuer's board of directors (the "Board"), following the date the reporting person is no longer providing services to the Issuer as an officer, employee, consultant or member of the Board, (v) the date fixed by the Board following the date, if applicable, on which the reporting person is terminated for cause, as defined in the Issuer's restated certificate of incorporation, and (vi) the date that is 12 months after the reporting person's death or disability, as those terms are defined in the Issuer's restated certificate of incorporation. The securities reported in this row are held by an irrevocable trust over whose trustee the reporting person may exercise remove and replace powers. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
