Cavanah Kevin S 4

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.