Cavanah Kevin S 4
4 · MATRIX SERVICE CO · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Matrix Service (MTRX) CFO Kevin Cavanah Sells Shares
What Happened
Kevin S. Cavanah, Vice President Finance & Chief Financial Officer of Matrix Service Company (MTRX), sold a total of 56,509 shares in two transactions: 50,000 shares on 2026-06-04 at an average price of $14.10 (proceeds $704,875) and 6,509 shares on 2026-06-05 at an average price of $14.13 (proceeds $91,950). Combined proceeds were roughly $796,825. These were sales (not purchases) and were executed under a Rule 10b5-1 trading plan.
Key Details
- Transaction dates and amounts:
- 2026-06-04: Sale of 50,000 shares at a weighted average price $14.10 — proceeds $704,875 (F2: price range $14.00–$14.26).
- 2026-06-05: Sale of 6,509 shares at a weighted average price $14.13 — proceeds $91,950 (F3: price range $14.005–$14.2499).
- Total shares sold: 56,509; total proceeds: ≈ $796,825.
- Shares owned after the transaction: Not specified in the Form 4 filing.
- Footnotes: F1 — sales were pursuant to a Rule 10b5-1 plan adopted Feb 23, 2026. F2/F3 — reported prices are weighted averages across multiple trades; the filer will provide per-price breakdown on request.
- Timeliness: Form 4 filed 2026-06-08 for transactions on 2026-06-04 and 2026-06-05; filing is within the required two-business-day window.
Context
A Rule 10b5-1 plan is a pre-arranged schedule for trading and typically indicates the sales were planned in advance rather than an ad hoc decision based on current inside information. Sales are common and can be for many non-bearish reasons (diversification, tax planning, liquidity needs); they are generally less informative than insider purchases when assessing insider sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-04$14.10/sh−50,000$704,875→ 97,113 total - Sale
Common Stock
[F1][F3]2026-06-05$14.13/sh−6,509$91,950→ 90,604 total
Footnotes (3)
- [F1]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 23, 2026.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 TO $14.26, inclusive. The reporting person undertakes to provide to Matrix Service Company, any security holder of Matrix Service Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.005 TO $14.2499, inclusive. The reporting person undertakes to provide to Matrix Service Company, any security holder of Matrix Service Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth.