Simulations Plus (SLP) executive exercises options and sells 7,350 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simulations Plus, Inc. executive Jill Fiedler-Kelly, President, Services Solutions, exercised employee stock options for 7,350 shares of common stock at $10.05 per share and sold the same 7,350 shares in an open-market transaction at $18.20 per share. The transactions were carried out automatically under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, she holds 77,817 shares of Simulations Plus common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,350 shares ($133,770)
Net Sell
3 txns
Insider
Fiedler-Kelly Jill
Role
President, Services Solutions
Sold
7,350 shs ($134K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 7,350 | $0.00 | -- |
| Exercise | Common Stock | 7,350 | $10.05 | $74K |
| Sale | Common Stock | 7,350 | $18.20 | $134K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 85,167 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected automatically pursuant to a Rule 10b5-1 plan adopted by the reporting persons. These shares were sold in a single transaction at $18.20. Fully Vested
Key Figures
Shares sold: 7,350 shares
Sale price: $18.20/share
Options exercised: 7,350 shares
+3 more
6 metrics
Shares sold
7,350 shares
Open-market sale of common stock at $18.20 per share
Sale price
$18.20/share
Price for 7,350 Simulations Plus common shares sold
Options exercised
7,350 shares
Employee stock options exercised at $10.05 per share
Exercise price
$10.05/share
Strike price of employee stock options exercised
Shares held after
77,817 shares
Direct Simulations Plus common stock holdings post-transaction
Options remaining in this grant
0 options
Employee stock option position following full exercise of 7,350 options
Key Terms
Rule 10b5-1 plan, open-market sale, Employee Stock Option (Right to Buy), derivative security
4 terms
Rule 10b5-1 plan regulatory
"The sales reported in this Form 4 were effected automatically pursuant to a Rule 10b5-1 plan adopted by the reporting persons."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action: open-market sale, transaction_code_description: Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Simulations Plus (SLP) executive Jill Fiedler-Kelly report in this Form 4?
Jill Fiedler-Kelly reported exercising options for 7,350 Simulations Plus shares at $10.05 and selling 7,350 shares at $18.20. These related transactions were executed automatically under a Rule 10b5-1 trading plan on the same date.
What options did the Simulations Plus (SLP) executive exercise in this filing?
The executive exercised employee stock options covering 7,350 Simulations Plus shares at a $10.05 exercise price. These options were fully vested and, after exercise, the corresponding derivative position showed zero remaining balance in this grant.
Were the Simulations Plus (SLP) insider transactions discretionary trades?
The filing states the sales were executed automatically under a Rule 10b5-1 trading plan. Such plans pre-schedule trades in advance, meaning the timing of these transactions was set earlier rather than decided at the moment of sale.