Tsakos Energy Navigation (NYSE: TEN) director sells 2,490 shares at $40.065
Rhea-AI Filing Summary
Tsakos Energy Navigation Ltd director Nicholas Francis Tommasino reported an open-market sale of 2,490 Common Shares on July 14, 2026 at an average price of $40.065 per share. Following the transaction, he directly holds 2,874 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,490 shares ($99,762)
Net Sell
1 txn
Insider
Tommasino Nicholas Francis
Role
Director
Sold
2,490 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 2,490 | $40.065 | $100K |
Holdings After Transaction:
Common Shares — 2,874 shares (Direct)
Footnotes (1)
Key Figures
Shares sold: 2,490 shares
Sale price: $40.065 per share
Shares owned after sale: 2,874 shares
+1 more
4 metrics
Shares sold
2,490 shares
Common Shares sold on 2026-07-14 by director Nicholas Francis Tommasino
Sale price
$40.065 per share
Average price for the open-market sale of Common Shares
Shares owned after sale
2,874 shares
Common Shares held directly by the reporting person following the transaction
Net buy/sell shares
2,490 shares
Net change in Common Shares from reported transactions; direction net-sell
Key Terms
open-market sale, non-derivative, Form 4
3 terms
open-market sale financial
"Reported as an open-market sale of Common Shares at $40.065 per share"
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.
non-derivative financial
"The transaction type is classified as non-derivative for the Common Shares"
Form 4 regulatory
"Insider equity transaction disclosed in an SEC Form 4 report"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was the TEN director transaction an open-market sale or another type?
The transaction was an open-market sale of Common Shares. It is classified as a non-derivative transaction with code “S,” described as a sale in open market or private transaction, rather than an option exercise or derivative-related event.
Did the TEN Form 4 report any derivative securities for Tommasino?
The Form 4 filing shows no derivative transactions for Nicholas Francis Tommasino in this report. The derivativeSummary is empty, and the disclosed activity involves only non-derivative Common Shares sold in the open market.