Glastra Matthijs 4

What Happened

• Glastra Matthijs, CEO of Novanta Inc. (NOVT), sold a total of 7,500 shares in open-market transactions on May 12, 2026, generating roughly $1,128,244 in proceeds.
  • 5,079 shares sold at $150.00 each for $761,850.
  • 2,421 shares sold at a weighted-average price of $151.34 for $366,394 (individual trade prices ranged $151.06–$151.51).

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (no indication of a late filing).
• Total shares sold: 7,500; total proceeds: approximately $1.13 million.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes:
  • F1: Sales were made under a pre-established Rule 10b5-1 trading plan adopted Sept 11, 2025, executed through a trust for which the reporting person’s spouse is trustee.
  • F2: The 2,421-share sale was executed in multiple trades; the filing reports a weighted-average price and offers to provide the detailed trade-by-trade breakdown on request.
• Remark: Power of Attorney on file (filing executed by agent).

Context

• Because these sales were effected under a pre-established 10b5-1 plan, they may reflect an automated or pre-planned disposition rather than a contemporaneous view on the company’s prospects; sales under such plans are common and not necessarily a negative signal. Purchases tend to be more informative about insider sentiment than routine sales.