Star Bulk Carriers (SBLK) COO sells 5,000 shares under trading plan
Rhea-AI Filing Summary
Star Bulk Carriers Corp. Chief Operating Officer Nikolaos Reskos reported a non-derivative sale of 5,000 common shares on August 6, 2026, in an open market or private transaction. The shares were sold at $29.50 per share, leaving 400,875 common shares held directly, pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Reskos Nikolaos
Role
Chief Operating Officer
Sold
5,000 shs ($148K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common shares, par value $0.01 per share | 5,000 | $29.50 | $148K |
Holdings After Transaction:
Common shares, par value $0.01 per share — 400,875 shares (Direct)
Key Figures
Shares Sold: 5000.0000 shares
Sale Price: $29.5000 per share
Shares Held After Transaction: 400875.0000 shares
3 metrics
Shares Sold
5000.0000 shares
Non-derivative sale on August 6, 2026 by COO Nikolaos Reskos
Sale Price
$29.5000 per share
Price per common share in the reported sale transaction
Shares Held After Transaction
400875.0000 shares
Direct common share holdings following the August 6, 2026 sale
Key Terms
Sale in open market or private transaction, par value, Rule 10b5-1
3 terms
Sale in open market or private transaction financial
"transaction_code_description: "Sale in open market or private transaction""
par value financial
"Common shares, par value $0.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
Rule 10b5-1 regulatory
"document-level Rule 10b5-1 checkbox for trading plans"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SBLK executive Nikolaos Reskos report?
Nikolaos Reskos, COO of Star Bulk Carriers Corp. (SBLK), reported selling 5,000 common shares on August 6, 2026. The transaction was a non-derivative sale described as an open market or private transaction at a price of $29.50 per share.
Was the SBLK insider sale by Nikolaos Reskos under a Rule 10b5-1 trading plan?
Yes. The filing indicates the transactions were made under a Rule 10b5-1 trading plan via the relevant checkbox. Such plans pre-establish trading parameters, which can reduce the informational significance of the exact timing of the reported insider sale.
What type of transaction was reported in the SBLK Form 4 for Nikolaos Reskos?
The Form 4 reports a non-derivative sale of common shares, coded as a sale in an open market or private transaction. It involved 5,000 common shares at $29.50 per share, with shares held directly both before and after the transaction.