Glastra Matthijs 4

What Happened Matthijs Glastra, CEO of Novanta Inc. (NOVT), sold a total of 6,500 shares in open‑market transactions on June 2, 2026 for aggregate proceeds of approximately $1,096,273. The sales were executed in multiple trades at different prices; the reported lots were:

• 38 shares @ $164.61 — $6,255
• 500 shares @ $166.19 — $83,095
• 1,420 shares @ $167.68 — $238,106
• 2,841 shares @ $168.76 — $479,447
• 1,301 shares @ $169.76 — $220,858
• 400 shares @ $171.28 — $68,512

These were sales (S), which are generally routine dispositions rather than buy signals.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (filed within the typical 2‑business‑day window).
• Reported proceeds (approx.): $1,096,273 for 6,500 shares.
• Prices reported above are weighted averages for multi‑trade executions; the filing includes footnotes disclosing the trade price ranges for each lot and offers to provide full per‑trade details to the SEC or issuer on request.
  • Lot ranges: roughly $165.87–171.70 across the various trades (see filing footnotes F2–F6 for specific ranges).
• Sales were effected pursuant to 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 (footnote F1).
• Remarks: Power of Attorney on file.
• Shares owned after the transaction: not provided in the summary data you supplied (check the full Form 4 for post‑transaction holdings).

Context

• A 10b5‑1 plan indicates the trades were pre‑planned and scheduled, which many insiders use to avoid appearance of trading on nonpublic information. Such sales are typically viewed as routine rather than a direct signal about company prospects.
• For retail investors, purchases by insiders tend to carry more informational weight than routine sales; these transactions are disposals under a trading plan and do not indicate new insider accumulation.