Cavanah Kevin S 4

What Happened

• Kevin S. Cavanah, Vice President Finance and Chief Financial Officer of Matrix Service Company (MTRX), sold a total of 3,491 common shares in two open-market transactions for aggregate proceeds of approximately $48,911. On 2026-06-12 he sold 2,073 shares at $14.00 each ($29,022). On 2026-06-15 he sold 1,418 shares at a weighted average price of $14.03 each (≈ $19,889). These were sales (not purchases).

Key Details

• Transaction dates and prices:
  • 2026-06-12: Sale of 2,073 shares at $14.00 — $29,022
  • 2026-06-15: Sale of 1,418 shares at a weighted avg $14.03 (prices ranged $14.00–$14.04) — $19,889
• Total shares sold: 3,491; total proceeds ≈ $48,911.
• Shares owned after the reported transactions: Not disclosed in the provided filing.
• Footnotes:
  • F1: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Cavanah on February 23, 2026.
  • F2: The $14.03 price for the 6/15 sale is a weighted average; individual trades ranged $14.00–$14.04. The filer will provide a breakdown on request.
• Timeliness: The Form 4 was filed 2026-06-15 reporting trades on 2026-06-12; the filing appears to be within the standard Form 4 reporting window (timely).

Context

• These were pre-arranged sales under a 10b5-1 plan, which typically specify scheduled sales and can limit inference about the insider’s current view of the stock. Sales are routine insider activity and do not necessarily signal negative company prospects; purchases are generally more informative about insider confidence.