Kannan Molly D 4
Research Summary
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Ryerson (RYZ) CAO Molly D. Kannan Sells 3,000 Shares
What Happened Molly D. Kannan, Ryerson Holding Corp's Chief Accounting Officer & Corporate Controller, sold 3,000 shares of RYZ stock in open-market transactions on May 29, 2026. The shares were sold at $28.42 per share for a total proceeds of $85,260. This was a sale (S) rather than a purchase — sales are often routine and do not necessarily indicate a change in the insider’s view of the company.
Key Details
- Transaction date: May 29, 2026; Filing date (Form 4): June 1, 2026 (appears timely under the two-business-day rule).
- Price and quantity: 3,000 shares sold at $28.42 per share; total proceeds $85,260.
- Shares sold in multiple transactions at the same price (per filing footnote).
- Shares owned after the transaction: not disclosed in the excerpt provided (check the full Form 4 for post-transaction holdings).
- Footnotes: Sale effected under a Rule 10b5-1 trading plan adopted Feb 26, 2026; reporting person will provide full information on the number of shares sold upon request.
- Accession number for the filing: 0000899140-26-000613.
Context This sale was executed under a pre-established 10b5-1 plan, which allows insiders to sell shares according to a preset schedule and is commonly used to avoid questions about timing. For retail investors, purchases typically carry more informational weight than routine sales; this filing is a record of disposition rather than a signal of changed insider conviction.