Director at Standex (NYSE: SXI) logs small 50-share stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Standex International director Thomas E. Chorman sold 50 shares of Common Stock in an open-market transaction. The shares were sold at a price of $272.82 per share.
After this sale, Chorman directly holds 12,466 shares. The transaction was executed under an existing Rule 10b5-1 trading plan dated November 6, 2025, indicating it was pre-scheduled.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50 shares ($13,641)
Net Sell
1 txn
Insider
CHORMAN THOMAS E
Role
null
Sold
50 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50 | $272.82 | $14K |
Holdings After Transaction:
Common Stock — 12,466 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 50 shares
Sale price per share: $272.82 per share
Shares held after sale: 12,466 shares
+2 more
5 metrics
Shares sold
50 shares
Open-market sale on 2026-06-01
Sale price per share
$272.82 per share
Common Stock transaction
Shares held after sale
12,466 shares
Direct ownership following transaction
Total shares sold in filing
50 shares
transactionSummary sellShares
Net buy/sell shares
-50 shares
Net-sell direction in transactionSummary
Key Terms
Common Stock, open-market sale, Rule 10b5-1 trading plan
3 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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.
Rule 10b5-1 trading plan regulatory
"Sale of stock pursuant to existing 10b5-1 trading plan dated November 6, 2025."
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.
FAQ
What did Standex (SXI) director Thomas E. Chorman report in this Form 4?
Thomas E. Chorman reported an open-market sale of 50 Standex Common Stock shares. The transaction occurred at $272.82 per share and was executed under a pre-existing Rule 10b5-1 trading plan, indicating the sale was scheduled in advance rather than opportunistic.
Was the Standex (SXI) director’s stock sale under a Rule 10b5-1 plan?
Yes. The sale was made pursuant to an existing Rule 10b5-1 trading plan dated November 6, 2025. Such plans pre-schedule trades, reducing the significance of trade timing as an indicator of the insider’s short-term outlook on the stock.
What does transaction code “S” mean in the Standex (SXI) Form 4 filing?
Transaction code “S” indicates a sale of common stock in the open market or a private transaction. In this case, it reflects the director’s 50-share sale at $272.82 per share, recorded as a routine disposition rather than a grant, gift, or option exercise.