[Form 4] Tractor Supply Co Insider Trading Activity

Rhea-AI Filing Summary

Burford Capital Ltd. (BUR) – Form 4 insider transaction

Chief Investment Officer Jonathan Todd Molot reported the sale of 210,000 ordinary shares on 9 July 2025 at a weighted-average price of $14.595 per share. The trade was executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on 21 Aug 2024, signalling that the disposition was scheduled in advance.

Post-sale, Molot continues to hold a substantial stake: 3,406,625 shares held directly and an additional 6,000,000 shares held indirectly through an LLC, leaving his total beneficial ownership at roughly 9.4 million shares.

The divestiture represents approximately 2.2 % of his reported beneficial holdings. No derivative transactions were disclosed, and there is no indication of material changes to corporate strategy or financial outlook in this filing.

Positive

• Sale executed under a disclosed Rule 10b5-1 plan, reducing the risk of opportunistic trading perceptions.
• Insider retains a sizeable 9.4 million-share stake, maintaining alignment with shareholders.

Negative

• 210,000-share insider sale could be interpreted as modest bearish sentiment despite being pre-planned.

Insights

Financial Analyst

TL;DR Small 2% insider sale under 10b5-1 plan; limited directional signal; neutral impact.

This Form 4 shows Molot monetising 210 k shares (~US$3.1 m) while retaining the vast majority of his stake. Because the trade was executed under a disclosed 10b5-1 plan and represents a modest slice of his ownership, it is unlikely to reflect a change in internal outlook. The filing does not alter Burford’s fundamentals or guidance and should be viewed as routine liquidity management. Overall market impact is expected to be minimal.

Corporate Governance Expert

TL;DR Planned sale complies with Rule 10b5-1; governance and disclosure appear sound.

The report demonstrates adherence to updated SEC 10b5-1(c) requirements, including dating the plan and flagging the checkbox. The insider continues to hold a large, aligned equity position, which mitigates governance concerns arising from the sale. No red flags—such as clustered executive selling or sales ahead of adverse events—are apparent. Governance stance: neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jackson Denise L

(Last) (First) (Middle)

C/O TRACTOR SUPPLY COMPANY

5401 VIRGINIA WAY

(Street)

BRENTWOOD TN 37027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRACTOR SUPPLY CO /DE/ [ TSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock	07/09/2025		S(1)		1,000	D	$57	34,288	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported stock sale was effected pursuant to a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), adopted on February 14, 2025.

Remarks:

	Denise L. Jackson by: /s/ Robert C. Lambourne, as Attorney-in-fact	07/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Burford Capital (BUR) shares did the CIO sell?

Jonathan Todd Molot sold 210,000 ordinary shares on 9 July 2025.

What was the sale price of the BUR shares?

The weighted-average sale price was $14.595, with trades ranging from $14.50 to $14.69.

Did the insider use a 10b5-1 trading plan?

Yes. The sale was conducted under a Rule 10b5-1 plan adopted on 21 Aug 2024.

How many Burford shares does the CIO still own after the sale?

Molot beneficially owns 3,406,625 shares directly and 6,000,000 shares indirectly, totalling roughly 9.4 million shares.

Is this insider sale significant to Burford’s outlook?

Given the small proportion of shares sold and the pre-planned nature, the filing is viewed as neutral to Burford’s investment thesis.