Director Amends Filing to Report $470K Open Market Stock Sale
OCC has more than doubled off its 52-week low of $3.
Summary
Director Craig H. Weber sold $470,407 worth of Optical Cable Corp common stock in an open market transaction, amending a prior filing to correct the transaction type.
Key Events · Ownership and Investor Activity · OCC
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Director Sells Shares
Director Craig H. Weber sold 23,700 shares of common stock for a total value of $470,407 on June 29, 2026.
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Amended Transaction Type
The filing is an amendment to correct the transaction code from a general disposition ('D') to an open market sale ('S'), clarifying the nature of the insider's transaction.
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Part of Broader Insider Selling
This sale contributes to a recent pattern of insider distribution, including other officers and directors filing Form 144s and a CEO's recent open market sale.
Analysis · OCC · Manufacturing
Director Craig H. Weber amended a previous Form 4 to correctly classify a disposition of shares as an open market sale. This $470,407 sale by a director, following recent positive Q2 earnings and a pattern of insider selling, indicates a lack of conviction at current price levels.
At the time of this filing, OCC was trading at $16.23 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $141.2M. The 52-week trading range was $3.00 to $27.98. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.