Sonic Automotive insider entity sells 50,000 shares
Sonic Automotive President Jeff Dyke reported an open-market sale of Class A Common Stock by an entity associated with him.
Rhea-AI Filing Summary
Sonic Automotive President Jeff Dyke reported an open-market sale of Class A Common Stock by an entity associated with him. Ash & Erin, LLC sold 50,000 shares at a weighted average price of $82.9667 per share, in trades ranging from $80.50 to $83.885. The sale was made under a pre-established Rule 10b5-1 trading plan, indicating it was pre-scheduled rather than discretionary.
After this transaction, Ash & Erin, LLC held 111,622 shares indirectly, while Dyke also held 593,668 shares directly. He disclaims beneficial ownership of the LLC-held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 50,000 | $82.9667 | $4.15M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Shares sold pursuant to pre-established 10b5-1 Trading Plan.
- F2. This transaction was executed in multiple trades at prices ranging from $80.50 per share to $83.885 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F3. The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
Rule 10b5-1 Trading Plan financial
weighted average sales price financial
pecuniary interest financial
Class A Common Stock financial
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