Somnigroup (SGI) CEO sells 6,657 shares after option exercise
Rhea-AI Filing Summary
SOMNIGROUP INTERNATIONAL INC. insider Steven H. Rusing, President & CEO Mattress Firm, reported a mix of option exercises and share sales in Common Stock. On May 22, 2026, he exercised stock options to acquire 10,448 shares at an exercise price of $15.6100 per share, converting a derivative award into directly held stock.
That same day he sold a total of 6,657 shares in open-market transactions at reported prices of $67.4850 and $66.7927 per share, with a footnote noting a weighted average price and a range from $66.4850 to $67.10. After these transactions, he holds 299,660 shares of Common Stock directly and 22,400 shares indirectly through a family limited liability company. A footnote explains the exercised option was adjusted for a 4-for-1 stock split that occurred on November 24, 2020.
Positive
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Negative
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Insights
CEO exercised options and sold part of the resulting shares, retaining a sizable equity stake.
Steven H. Rusing exercised stock options for 10,448 shares of Somnigroup Common Stock at an exercise price of $15.6100. This converts a derivative award into common equity and, based on the empty derivativeSummary, appears to fully use that particular option grant before its January 4, 2028 expiration.
He then sold 6,657 shares in open-market transactions at prices reported as $67.4850 and $66.7927, with a footnote describing a weighted average and a range from $66.4850 to $67.10. After these trades he holds 299,660 shares directly plus 22,400 shares indirectly via a family limited liability company, indicating the reported sales represent only a portion of his total visible position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 10,448 | $0.00 | -- |
| Exercise | Common Stock | 10,448 | $15.61 | $163K |
| Sale | Common Stock | 5,357 | $66.7927 | $358K |
| Sale | Common Stock | 1,300 | $67.485 | $88K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.4850 to $67.10. 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 ranges set forth in this footnote. The option was previously reported as covering 10,451 shares at an exercise price of $62.45 per share, vesting in four annual installments on January 5, 2019, 2020, 2021 and 2022. The option and exercise price have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.