Solitron Devices (SODI) director privately sells 8,000 shares at $28.50
Rhea-AI Filing Summary
Solitron Devices Inc. director John F. Chiste reported a sale of 8,000 shares of common stock on 2026-08-14 at $28.50 per share in a private agreement with Allens Creek Partners LP. The transaction reduced his directly held common stock position to zero shares, and the shares retain an affiliate restriction after the sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,000 shares
Net Sell
1 txn
Insider
CHISTE JOHN F
Role
Director
Sold
8,000 shs ($228K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock F1 | 8,000 | $28.50 | $228K |
Holdings After Transaction:
Common stock — 0 shares (Direct)
Footnotes (1)
- F1. Mr. Chiste sold these shares through a private agreement with Allens Creek Partners LP. The sale price was agreed to prior to the sale date and subsequent price change. Eriksen Capital Management LLC ("ECM"), managed by Tim Eriksen, Solitron's CEO, has a sub-advisory agreement with Allens Creek. Shares retain an affiliate restriction after the sale.
Key Figures
Shares sold: 8,000 shares
Sale price per share: $28.50 per share
Shares held after transaction: 0 shares
3 metrics
Shares sold
8,000 shares
Common stock sold by director John F. Chiste on 2026-08-14
Sale price per share
$28.50 per share
Price for Solitron Devices common stock in the private sale
Shares held after transaction
0 shares
Directly held Solitron Devices common stock following the sale
Key Terms
affiliate restriction, sub-advisory agreement, private agreement
3 terms
affiliate restriction regulatory
"Shares retain an affiliate restriction after the sale"
sub-advisory agreement financial
"Eriksen Capital Management LLC has a sub-advisory agreement with Allens Creek"
A sub-advisory agreement is a contract in which the primary investment manager of a fund or portfolio hires a separate, specialist firm to manage some or all of the assets. For investors this matters because it can change who actually makes trading and strategy decisions, how fees are split, and how performance and risk are handled—similar to a homeowner hiring a specialist contractor who may yield different results than the main builder.
private agreement financial
"sold these shares through a private agreement with Allens Creek Partners LP"
FAQ
What insider transaction did Solitron Devices (SODI) disclose for John F. Chiste?
Solitron Devices disclosed that director John F. Chiste sold 8,000 shares of common stock on 2026-08-14. The shares were sold at $28.50 per share through a private agreement with Allens Creek Partners LP and retain an affiliate restriction after the sale.
What does the Form 4 footnote reveal about Allens Creek Partners LP and Solitron Devices (SODI)?
The footnote explains that Allens Creek Partners LP purchased the 8,000 shares via a private agreement at $28.50 per share. Eriksen Capital Management LLC, managed by Solitron’s CEO Tim Eriksen, has a sub-advisory agreement with Allens Creek, and the shares retain an affiliate restriction after the sale.
Was John F. Chiste’s Solitron Devices (SODI) sale under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnote instead notes a privately negotiated sale with Allens Creek Partners LP. The price was agreed to before the sale date and a subsequent price change.
AI-generated analysis. How Rhea-AI works. Not financial advice.
