DERSE NATALIE MARIE 4
Research Summary
AI-generated summary
Gen Digital (GEN) CFO Natalie Derse Buys then Sells 794 Shares
What Happened Natalie Marie Derse, Chief Financial Officer of Gen Digital Inc., purchased 794 shares through the company's Employee Stock Purchase Plan (ESPP) on Feb 15, 2026 at an effective price of $20.16 per share (total ~$16,009). Two days later (Feb 17, 2026) those 794 shares were sold through an open-market/private sale (a predetermined quick‑sale program) at $23.62 per share (total ~$18,754). The sequence—ESPP purchase followed by an immediate predetermined sale—is a routine outcome of payroll/ESPP selling arrangements rather than an independent new investment decision.
Key Details
- Purchase: 794 shares on 2026-02-15 at $20.16/share (total reported $16,009).
- Sale: 794 shares on 2026-02-17 at $23.62/share (total reported $18,754).
- Shares owned after these transactions: Not disclosed in the filing.
- Footnotes: Purchase made under Gen Digital’s 2008 ESPP (Offering period Aug 16, 2025–Feb 15, 2026) at 85% of Feb 15 closing price; exempt under Rule 16b‑3(c). Sale executed via a predetermined quick‑sale program.
- Filing timeliness: Form 4 filed Feb 19, 2026; filing appears timely relative to the reported transaction dates.
Context ESPP purchases are common employee participation events that allow buying company stock at a discounted price (here, 85% of the Feb 15 closing price). A predetermined quick‑sale program instructs a broker to immediately sell ESPP shares after purchase—often to cover the share cost, taxes, or to lock in the discount—so the subsequent sale is typically administrative rather than a market sentiment signal. The filing simply documents the acquisition and disposition; it does not disclose Derse’s broader holdings or intentions.