Sportradar (SRAD) Chief Legal Officer sells 1,500 Class A shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sportradar Group AG’s Chief Legal Officer, Michael Connolly Miller, reported an open-market sale of 1,500 Class A Ordinary Shares at $16.50 per share. After this transaction, he directly holds 72,414 Class A Ordinary Shares, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,500 shares ($24,750)
Net Sell
1 txn
Insider
MILLER MICHAEL CONNOLLY
Role
Chief Legal Officer
Sold
1,500 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares | 1,500 | $16.50 | $25K |
Holdings After Transaction:
Class A Ordinary Shares — 72,414 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 1,500 shares
Sale price: $16.50 per share
Transaction value: $24,750
+2 more
5 metrics
Shares sold
1,500 shares
Class A Ordinary Shares sold in open market
Sale price
$16.50 per share
Price for Class A Ordinary Shares
Transaction value
$24,750
1,500 shares at $16.50 each
Shares owned after sale
72,414 shares
Direct Class A Ordinary Shares following transaction
Net share direction
1,500 net shares sold
transactionSummary netBuySellShares
Key Terms
Open-market sale, Class A Ordinary Shares, Form 4, Chief Legal Officer
4 terms
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Legal Officer other
"officer_title": "Chief Legal Officer""
A chief legal officer is a senior executive responsible for overseeing a company's legal matters, ensuring that its activities comply with laws and regulations. They act like a company's legal guide, helping to prevent legal problems and manage risks. For investors, understanding this role is important because it reflects how well a company manages legal risks that could impact its stability and reputation.
FAQ
What did Sportradar (SRAD) insider Michael Connolly Miller do in this Form 4?
Michael Connolly Miller, Sportradar’s Chief Legal Officer, reported selling 1,500 Class A Ordinary Shares. The transaction was an open-market sale at $16.50 per share and reflects a small adjustment to his overall shareholding in the company.
What type of transaction did Sportradar (SRAD) report for its Chief Legal Officer?
The filing reports an open-market sale of Class A Ordinary Shares, coded as an “S” transaction. This indicates a sale in the market or a private transaction, rather than an option exercise, grant, gift, or tax-withholding event.
Does the Form 4 for Sportradar (SRAD) show any derivative securities activity?
The Form 4 shows no derivative securities transactions for Michael Connolly Miller. The derivativeSummary is empty, indicating the reported activity relates solely to non-derivative Class A Ordinary Shares in this specific filing.