Andrews Paul 4
Research Summary
AI-generated summary
Monarch Casino (MCRI) Director Paul Andrews Sells 6,100 Shares
What Happened
Paul Andrews, a director of Monarch Casino & Resort, sold a total of 6,100 shares reported as derivative dispositions on February 9, 2026. The filings show two sales at $97.40 per share: 3,000 shares for $292,200 and 3,100 shares for $301,940, for combined proceeds of $594,140. These were reported as open market or private sales (transaction code S). This is a sale (not a purchase), which is often routine insider selling and does not by itself indicate company performance.
Key Details
- Transaction date and price: Feb 9, 2026 — 3,000 shares @ $97.40 ($292,200) and 3,100 shares @ $97.40 ($301,940).
- Total shares sold: 6,100; total proceeds: $594,140.
- Shares owned after transaction: Not specified in the provided summary — check the full Form 4 for post-transaction beneficial ownership.
- Footnotes/plan details: The summarized data lists these as "Derivative" dispositions; no 10b5‑1 plan, tax-withholding, or other footnotes were indicated in the provided summary. Review the filing for any additional notes.
- Filing timeliness: Form 4 was filed on Feb 12, 2026 (trade date Feb 9) — three days after the trade; this may be later than the typical two-business-day Form 4 deadline.
Context
"Derivative" in the filing means the shares disposed originated from derivative holdings (for example, option-related shares or other derivative instruments) rather than a simple open‑market stock purchase; consult the Form 4 for exact instrument details. For retail investors, purchases by insiders can be a stronger signal than sales; sales are common for liquidity or tax reasons and should be viewed alongside other filings and company news.