SEACOR Marine (NYSE: SMHI) GC sells 10,565 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SEACOR Marine Holdings Sr. VP and General Counsel Andrew H. Everett II sold 10,565 shares of Common Stock in an open-market transaction. The shares were sold at a weighted average price of $8.04 per share, with individual trade prices between $8.00 and $8.16. After the sale, he directly holds 273,595 shares. The transaction was executed automatically under a Rule 10b5-1 trading plan adopted by the insider.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,565 shares ($84,943)
Net Sell
1 txn
Insider
Everett Andrew H II
Role
Sr. VP, General Counsel & Secy
Sold
10,565 shs ($85K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,565 | $8.04 | $85K |
Holdings After Transaction:
Common Stock — 273,595 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.16, 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 in this footnote to this Form 4. The reported sale of 10,565 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2026.
Key Figures
Shares sold: 10,565 shares
Weighted average sale price: $8.04 per share
Sale price range: $8.00–$8.16 per share
+3 more
6 metrics
Shares sold
10,565 shares
Open-market sale of Common Stock
Weighted average sale price
$8.04 per share
Price for 10,565 shares sold
Sale price range
$8.00–$8.16 per share
Range of individual trade prices
Shares held after transaction
273,595 shares
Direct ownership following sale
Transaction type
Open-market sale (Code S)
Non-derivative Common Stock
Trading plan
Rule 10b5-1 plan
Plan adopted March 9, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"The reported sale of 10,565 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: "open-market sale""
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.
FAQ
What insider transaction did SEACOR Marine (SMHI) report in this Form 4?
SEACOR Marine reported that Sr. VP and General Counsel Andrew H. Everett II sold 10,565 shares of Common Stock. The transaction was an open-market sale executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted by the insider.
Was the SEACOR Marine (SMHI) insider sale part of a Rule 10b5-1 plan?
Yes. The Form 4 states the 10,565-share sale occurred automatically under a Rule 10b5-1 trading plan. That plan was adopted by the reporting person on March 9, 2026, indicating the transaction timing was pre-arranged rather than discretionary.
What does the weighted average price mean in the SEACOR Marine (SMHI) Form 4?
The weighted average price of $8.04 represents the average sale price across multiple trades. The Form 4 explains shares were sold in separate transactions between $8.00 and $8.16, and the insider offers to provide exact trade-by-trade data on request.