Tilly's CMO sells 11,250 shares in open trade
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
TILLY'S, INC. Chief Merchandising Officer Michael Joseph Cingolani reported an open-market sale of Class A Common Stock. He sold 11,250 shares at a weighted average price of $5.2697 per share, in multiple trades between $5.25 and $5.32.
After this transaction, he directly holds 113,750 shares of Class A Common Stock. The sale reflects a reduction in his direct ownership while maintaining a substantial remaining position in the company.
Insider Trade Summary
Net Seller: 11,250 shares
Net Sell
1 txn
Insider
Cingolani Michael Joseph
Role
Chief Merchandising Officer
Sold
11,250 shs ($59K)
Share of Position Sold
9.0%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 11,250 | $5.2697 | $59K |
Holdings After Transaction:
Class A Common Stock — 113,750 shares (Direct)
Holdings Before and After:
Class A Common Stock, 125,000 to 113,750 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.25 to $5.32, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
Key Figures
Shares sold: 11,250 shares
Weighted average sale price: $5.2697 per share
Shares held after transaction: 113,750 shares
3 metrics
Shares sold
11,250 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$5.2697 per share
Sale executed in multiple trades from $5.25 to $5.32
Shares held after transaction
113,750 shares
Direct holdings after reported sale
Key Terms
Class A Common Stock, open-market sale, weighted average price, Form 4
4 terms
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TILLY'S (TLYS) report for Michael Joseph Cingolani?
TILLY'S Chief Merchandising Officer Michael Joseph Cingolani reported selling 11,250 shares of Class A Common Stock in an open-market transaction. The sale was disclosed on a Form 4 insider trading report with detailed pricing information.
What does the weighted average price mean in the TLYS Form 4 filing?
The weighted average price of $5.2697 represents the average price per share across multiple trades in the sale. Individual trades occurred at prices ranging from $5.25 to $5.32, as disclosed in the Form 4 footnote.
Was the TILLY'S (TLYS) insider transaction a buy or a sell?
The transaction was a sell. Michael Joseph Cingolani executed an open-market sale of 11,250 shares of TILLY'S Class A Common Stock, reducing his direct share count while still retaining 113,750 shares after the trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
