CEO Trevor Burgess Notices Sale of 406,152 Shares (~$11.85M)
NP sits 97% above its 52-week low of $14.78.
Summary
CEO Trevor Burgess filed to sell 406,152 shares worth about $11.85M under a 10b5-1 plan adopted July 31 — the largest insider sale notice in the recent window and the first from the CEO.
Key Events · Ownership and Investor Activity · NP
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CEO Notices 406,152-Share Sale
Trevor Burgess filed a Form 144 to sell 406,152 common shares with an aggregate market value of $11,851,515.36, brokered by Goldman Sachs.
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RSU-Sourced, 10b5-1 Planned
The shares were acquired as compensation via Restricted Stock Units on 09/30/2026 and are sold under a Rule 10b5-1(c) plan dated 07/31/2026, so timing is pre-set rather than discretionary.
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Adds to Insider Distribution
Extends a 90-day pattern of net insider selling of $12,441,250 across three insiders with no open-market purchases; this is the first CEO notice in that stretch.
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Follows Record Q3 Print
Comes ten days after Q3 revenue of $59.6M (up 34%) and raised 2026 revenue guidance to $204M, a common window for scheduled plan sales.
Analysis · NP · Finance
Why it matters: the CEO is the largest seller in a 90-day window that already shows $12.4M of net insider distribution with zero open-market buys. The shares come from RSU compensation and the sale runs through a 10b5-1 plan adopted 2026-07-31, so it is pre-scheduled rather than a reaction to news — but at ~$11.85M, roughly 2.9% of shares outstanding at 94.7M, it is the biggest single insider notice on record here. It lands ten days after record Q3 results and raised guidance, which is when planned sales typically get executed.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.5% of the 1545 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NP was trading at $29.18 on NYSE in the Finance sector, with a market capitalization of approximately $4B. The 52-week trading range was $14.78 to $35.15. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.