SANDBERG RICHARD A 4
Research Summary
AI-generated summary
Precipio (PRPO) Director Richard Sandberg Sells 900 Shares
What Happened
Richard A. Sandberg, a director of Precipio, Inc. (PRPO), sold 900 shares of Precipio stock in an open-market transaction on May 21, 2026. The shares were disposed at $25.02 per share for total proceeds of $22,517. This was a sale (not a purchase or option exercise), which is often routine and does not by itself indicate management sentiment.
Key Details
- Transaction date and price: May 21, 2026 — 900 shares sold at $25.02 each.
- Total value: $22,517.
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Footnote: The shares were disposed of by Wythburn Associates, Ltd., an entity 94% owned jointly by Sandberg and his spouse; Sandberg disclaims beneficial ownership except to the extent of his pecuniary interest.
- Filing timeliness: Form 4 was filed May 26, 2026 (five days after the trade), which appears to exceed the typical 2-business-day filing deadline for Form 4s.
Context
This was a modest-sized open-market sale executed through a family-owned entity. Sales by directors can be routine (liquidity, portfolio rebalancing, entity-level decisions) and, on their own, do not necessarily signal a change in company outlook.