Tsakos Energy (NYSE: TEN) director sells 5,000 shares outside 10b5-1 plan
Rhea-AI Filing Summary
TSAKOS ENERGY NAVIGATION LTD (TEN) director Clio Hatzimichalis reported a sale of 5,000 Common Shares on 2026-08-13 in a sale in open market or private transaction at a price of $41.0662 per share. After this transaction, the reporting person directly owns 5,000 Common Shares. The filing’s Rule 10b5-1 checkbox was not marked as using a trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Hatzimichalis Clio
Role
Director
Sold
5,000 shs ($205K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 5,000 | $41.0662 | $205K |
Holdings After Transaction:
Common Shares — 5,000 shares (Direct)
Key Figures
Shares sold: 5,000 Common Shares
Sale price per share: $41.0662
Shares held after transaction: 5,000 Common Shares
3 metrics
Shares sold
5,000 Common Shares
Non-derivative sale on 2026-08-13
Sale price per share
$41.0662
Per-share price for 5,000 Common Shares sold on 2026-08-13
Shares held after transaction
5,000 Common Shares
Direct ownership position following the reported sale
Key Terms
non-derivative, open market or private transaction, Rule 10b5-1
3 terms
non-derivative financial
"The transaction is categorized as a non-derivative sale"
open market or private transaction financial
"transaction code description notes a sale in open market or private transaction"
Rule 10b5-1 regulatory
"The Rule 10b5-1 trading plan checkbox was not marked"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did TEN director Clio Hatzimichalis report?
Clio Hatzimichalis reported selling 5,000 TEN Common Shares on 2026-08-13 in a sale classified as an open market or private transaction, at a reported price of $41.0662 per share.
Was the TEN insider sale by Clio Hatzimichalis under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 trading plan checkbox was not marked. This means the reported 5,000-share sale on 2026-08-13 was not affirmed as executed under a pre-arranged 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.