Small 10b5-1 sale by Standex (SXI) director leaves 12,566 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Standex International director Thomas E. Chorman reported an open-market sale of 50 shares of Common Stock at $257.94 per share on April 1, 2026. The transaction was executed pursuant to an existing Rule 10b5-1 trading plan dated November 6, 2025.
After this sale, Chorman directly holds 12,566 shares of Standex International common stock, indicating the transaction represents a small portion of his reported holdings and appears to be a routine, pre-planned sale.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50 shares ($12,897)
Net Sell
1 txn
Insider
CHORMAN THOMAS E
Role
Director
Sold
50 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50 | $257.94 | $13K |
Holdings After Transaction:
Common Stock — 12,566 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 50 shares
Sale price: $257.94 per share
Shares held after sale: 12,566 shares
3 metrics
Shares sold
50 shares
Open-market sale of Common Stock on April 1, 2026
Sale price
$257.94 per share
Price for the 50 shares sold
Shares held after sale
12,566 shares
Direct holdings of Thomas E. Chorman following the transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
3 terms
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.
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.
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.
FAQ
What insider transaction did Standex (SXI) director Thomas E. Chorman report?
Director Thomas E. Chorman reported selling 50 shares of Standex Common Stock in an open-market sale at $257.94 per share. The transaction is disclosed on a Form 4 insider filing and reflects a relatively small trade.
Was the recent SXI insider stock sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was made pursuant to an existing Rule 10b5-1 trading plan dated November 6, 2025. Such pre-arranged plans automate trades over time, reducing the significance of trade timing as a discretionary signal.
Does the Standex (SXI) Form 4 show any option exercises or derivative transactions?
No derivative transactions are listed in this Form 4. The filing shows only a single non-derivative open-market sale of 50 Common Stock shares, with no stock option exercises or other derivative security activity reported.