Officer Michael Baur Files Intent to Sell $898K in ScanSource Stock
SCSC sits 25% above its 52-week low of $28.75.
Summary
Officer and Director Michael Baur has filed a Form 144 indicating his intent to sell 25,000 shares of ScanSource common stock, valued at approximately $898,750.
Key Events · Ownership and Investor Activity · SCSC
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Officer Files Intent to Sell Shares
Michael Baur, an Officer and Director of ScanSource, Inc., has filed a Form 144 to sell 25,000 shares of common stock.
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Proposed Sale Value
The proposed sale of 25,000 shares is valued at approximately $898,750.00.
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Follows Previous Sales
This intent to sell follows previous sales by Mr. Baur totaling 170,000 shares for gross proceeds of $7,537,506.00 over the past three months.
Analysis · SCSC · Trade & Services
Officer and Director Michael Baur has filed a Form 144, signaling his intent to sell a notable amount of shares. While the proposed sale represents a relatively small percentage of the company's market capitalization, a reduction in stake by a key executive can be interpreted negatively by investors, potentially signaling a desire for liquidity or a shift in confidence. This filing also provides context of previous sales by Mr. Baur over the past three months, indicating a pattern of share disposition.
At the time of this filing, SCSC was trading at $35.84 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $769.9M. The 52-week trading range was $28.75 to $46.25. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.