Executive Chairman and Associated Trusts Sell $1.8M in Company Stock
GSHD is trading near its 52-week low of $35.835 (12% above the low).
Summary
Executive Chairman Mark Evan Jones and related trusts sold $1.8 million in company stock, extending a recent trend of insider share dispositions.
Key Events · Ownership and Investor Activity · GSHD
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Insider Stock Sale
Executive Chairman Mark Evan Jones, along with the Mark & Robyn Jones Descendants Trust 2014 and Robyn Mary Elizabeth Jones, sold 45,588 shares of Class A Common Stock for a total value of $1,826,711.
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Continuation of Insider Distribution
This sale adds to a pattern of insider share dispositions, with net insider sales exceeding $5.6 million over the last 90 days, as indicated by recent Form 4 filings.
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Conversion Preceding Sale
The sale was preceded by the conversion of 45,588 Class B Common Stock shares and 45,588 LLC Units into Class A Common Stock.
Analysis · GSHD · Finance
Mark Evan Jones, Executive Chairman and a 10% owner, along with associated trusts, sold $1.8 million worth of Goosehead Insurance stock. This transaction continues a recent pattern of significant insider sales, adding to the net distribution signal from insiders over the past 90 days.
At the time of this filing, GSHD was trading at $40.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $35.84 to $113.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.