UTStarcom (UTSI) Director Shao Sean Sells Shares

What Happened Shao Sean, a director of UTStarcom Holdings Corp. (UTSI), sold a total of 14,533 shares in three open-market transactions on August 20, 2026, generating total proceeds of $34,535. The sales were: 4,533 shares at $2.28 ($10,335); 5,000 shares at $2.39 ($11,950); and 5,000 shares at $2.45 ($12,250). These were outright sales (code S).

Key Details

• Transaction date: 2026-08-20 (reported on Form 4 filed 2026-08-21, Accession 0001030471-26-000009).
• Trades and amounts: 4,533 @ $2.28 ($10,335); 5,000 @ $2.39 ($11,950); 5,000 @ $2.45 ($12,250). Total shares sold: 14,533; total proceeds: $34,535.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: none disclosed in the provided data (no 10b5-1 plan, gift, or tax-withholding notes indicated).
• Filing timeliness: filed the next day (Aug 21) for transactions on Aug 20 — appears timely under Form 4 rules.

Context These were open-market sales (routine dispositions) rather than purchases or option exercises. Sales by insiders can reflect many reasons (liquidity, diversification, taxes) and do not by themselves prove a change in the insider's view of the company. Retail investors should weigh this alongside other insider activity and company fundamentals.