Vitesse Energy (NYSE: VTS) president sells 5,282 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vitesse Energy, Inc. President Brian Cree reported an open-market sale of 5,282 shares of common stock at an average price of $22.328 per share. After this transaction, he directly holds 458,943 shares. According to the footnotes, the sale was executed under an established Rule 10b5-1 trading plan to cover taxes related to the vesting of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,282 shares ($117,936)
Net Sell
1 txn
Insider
Cree Brian
Role
President
Sold
5,282 shs ($118K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,282 | $22.328 | $118K |
Holdings After Transaction:
Common Stock — 458,943 shares (Direct)
Footnotes (1)
- The reporting person sold these shares under an established 10b5-1 plan for the purpose of satisfying tax owing related to the vesting of restricted stock units. The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $22.190 to $22.440, inclusive. The reporting person undertakes to provide Vitesse Energy, Inc., any security holder of Vitesse Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.
FAQ
What insider transaction did Vitesse Energy (VTS) report for Brian Cree?
Vitesse Energy President Brian Cree reported selling 5,282 shares of common stock. The shares were sold in an open-market transaction at an average price of $22.328 per share, as disclosed in the Form 4 filing.
Was the Vitesse Energy (VTS) insider sale part of a discretionary trade?
The sale was executed under an established Rule 10b5-1 trading plan, not as an ad hoc discretionary trade. Such plans pre-schedule transactions, and in this case, the sale addressed tax obligations from restricted stock unit vesting.