Glastra Matthijs 4
Research Summary
AI-generated summary
Novanta (NOVT) CEO Glastra Matthijs Sells 7,500 Shares
What Happened
- Glastra Matthijs, CEO of Novanta Inc. (NOVT), sold 7,500 shares on February 10, 2026. The weighted-average sale price was $145.04 per share, for total proceeds of approximately $1,087,800. The transaction is reported as a sale (S).
Key Details
- Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
- Price: weighted-average $145.04; individual trades ranged from $145.00 to $145.44.
- Total proceeds: ~$1,087,800 (7,500 shares × $145.04).
- Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction beneficial ownership.
- Footnotes: Sale was executed pursuant to a pre-established Rule 10b5‑1 trading plan adopted Sept 11, 2025 through a trust for which the reporting person’s spouse is trustee. The filer can provide the exact breakdown of individual trades/prices on request. Power of Attorney is on file.
Context
- This was a sale under a pre-set 10b5‑1 plan, which is commonly used to schedule insider sales in advance and is generally viewed as more routine than an ad-hoc sale. It does not by itself indicate a change in the insider’s view of the company.