Director Robert Carey Sells $283K in Taylor Devices Stock Following Prior Intent to Sell
Summary
Director Robert M. Carey reported the sale of 5,000 shares of Taylor Devices common stock for a total of $283,629, confirming the intent previously disclosed in a Form 144 filing.
Key Events
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Director Sells Shares
Director Robert M. Carey sold 5,000 shares of Taylor Devices, Inc. common stock on April 28, 2026.
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Significant Transaction Value
The total value of the shares sold was $283,629, executed at weighted average prices ranging from $55.52 to $57.27 per share.
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Confirms Prior Intent
This sale follows a Form 144 filed on April 28, 2026, which indicated the director's intent to sell the same number of shares.
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Post-Transaction Holdings
Following these transactions, Mr. Carey's direct holdings in the company are 9,276 shares.
Analysis
This Form 4 filing confirms the actual sale of shares by Director Robert M. Carey, following his previously filed Form 144 indicating an intent to sell the same amount. The sale of 5,000 shares for $283,629 represents a notable insider disposition. While the intent was known, the execution of the sale provides concrete transaction details and reinforces a negative signal from an insider. Investors should note the reduction in direct holdings by a director.
At the time of this filing, TAYD was trading at $55.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $177.1M. The 52-week trading range was $30.53 to $90.37. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.