Cavanah Kevin S 4

What Happened
Kevin S. Cavanah, VP Finance & Chief Financial Officer of Matrix Service Company (MTRX), disposed of 60,000 shares in an open-market sale on May 26, 2026. The shares were sold at a weighted average price of $12.90 per share for total proceeds of $773,820. This was a sale (not a purchase), commonly a routine disposition rather than an explicit signal about company prospects.

Key Details

• Transaction date: 2026-05-26 (filed same day).
• Transaction type: Open-market sale under Form 4 (code S).
• Shares sold: 60,000; weighted average price: $12.90; total value: $773,820.
• Reported price range: $12.79 to $13.06 across multiple trades; the filing notes the price shown is a weighted average and the filer can provide a breakdown on request.
• Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2026.
• Shares owned after transaction: Not disclosed in this filing.

Context
A 10b5-1 plan indicates the trades were executed under a pre-established plan, which is commonly used by insiders to schedule sales without contemporaneous discretion. The weighted average and reported price range show the sale occurred in multiple transactions. Sales are routine insider activity; for many investors, insider purchases tend to carry more informational weight than routine sales.