Form 4: Buster Clifford Reports 70,134 SGI Share Disposition; Retains 499,999 Total
Rhea-AI Filing Summary
Reporting person: Buster H Clifford III, identified as an officer (CEO of Tempur Sealy) filed a Form 4 reporting stock sales in SomniGroup International Inc. (SGI).
Transaction: On 08/19/2025 the reporting person sold 70,134 shares of SGI common stock at a weighted-average price of $81.1956 per share (sales occurred across prices ranging from $80.8536 to $81.7486). The filer offers to provide detailed per-price quantities on request.
Post-transaction holdings: The filing shows the reporting person holds 210,621 shares directly and has 289,379 shares held indirectly through the Buster Family Trust (the reporting person is trustee; spouse is sole beneficiary).
Positive
- Continued substantial ownership: reporting person retains 210,621 shares directly and 289,379 shares indirectly via a family trust
- Transparent disclosure: weighted-average sale price provided and filer offers to disclose per-price quantities on request
Negative
- Insider sale: 70,134 shares were disposed of on 08/19/2025 at a weighted-average price of $81.1956, which may be perceived negatively by investors
Insights
TL;DR: Insider sale disclosed; filer retains substantial direct and indirect holdings via family trust.
The Form 4 documents an insider sale of 70,134 SGI shares executed on 08/19/2025 at a weighted-average price of $81.1956. While the sale reduces the reporting person\'s direct position, the filing explicitly shows continued meaningful ownership: 210,621 shares held directly and 289,379 shares held indirectly in a family trust for which the reporting person is trustee. From a governance perspective, the disclosure is routine and compliant; the filing provides a footnote offering to supply per-price quantities, which supports transparency.
TL;DR: Material insider sale reported; the market may view this as a mildly negative signal despite retained ownership.
The reported sale of 70,134 shares at an average price of $81.1956 on 08/19/2025 is a notable insider transaction. The filing includes explicit price ranges ($80.8536 to $81.7486) and indicates the reporting person retains 210,621 shares directly plus 289,379 indirectly via a family trust. This combination of a sizable sale with continued substantial ownership is mixed in signal: it is a realized disposition but not a full exit. The disclosure meets Form 4 requirements and supplies sufficient detail for further analysis.