World Kinect Corp (WKC) chair sells 25,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
World Kinect Corp Executive Chairman Michael Kasbar reported an open-market sale of 25,000 shares of common stock on July 10, 2026 at a weighted-average price of $35.0374 per share, executed under a pre-arranged Rule 10b5-1 trading plan. After the sale, he directly holds 986,450 shares.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 25,000 shares ($875,935)
Net Sell
1 txn
Insider
KASBAR MICHAEL J
Role
Executive Chairman
Sold
25,000 shs ($876K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $35.0374 | $876K |
Holdings After Transaction:
Common Stock — 986,450 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted on November 24, 2025. The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $35.00 to $35.18, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the specified range.
Key Figures
Shares sold: 25,000 shares
Weighted-average sale price: $35.0374 per share
Price range of sales: $35.00 to $35.18 per share
+3 more
6 metrics
Shares sold
25,000 shares
Open-market sale of common stock on July 10, 2026
Weighted-average sale price
$35.0374 per share
Average price for multiple sale transactions reported in one line
Price range of sales
$35.00 to $35.18 per share
Range of individual trade prices within the reported transaction batch
Shares held after transaction
986,450 shares
Direct ownership by Michael Kasbar following the July 10, 2026 sale
Transaction date
July 10, 2026
Date of the reported open-market sale of common stock
10b5-1 plan adoption date
November 24, 2025
Date Kasbar adopted the Rule 10b5-1 trading plan used for these sales
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"The sales were effected pursuant to a Rule 10b5-1 trading plan previously adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price represents the weighted average sale price for multiple transactions"
open-market sale market
"transaction_action is described as an open-market sale of common stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did World Kinect (WKC) report for Michael Kasbar?
Michael Kasbar reported an open-market sale of 25,000 World Kinect common shares on July 10, 2026. The transaction was filed as a Form 4 and reflects a direct, non-derivative disposition of stock by the company’s executive chairman and director.
Was Michael Kasbar’s World Kinect (WKC) stock sale made under a Rule 10b5-1 plan?
Yes. The filing notes the sales were effected under a Rule 10b5-1 trading plan that Kasbar previously adopted on November 24, 2025. Such plans pre-arrange trading activity, reducing the significance of timing for interpreting insider intent.
What type of transaction code was used for Michael Kasbar’s World Kinect (WKC) sale?
The transaction is coded “S” for Sale, described as a sale in open market or private transactions. In this case it is characterized as an open-market sale of non-derivative common stock, conducted under Kasbar’s Rule 10b5-1 trading plan.