FORD JOE T 4
Research Summary
AI-generated summary
Westrock Coffee (WEST) Director Joe T. Ford Buys 31,500 Shares
What Happened
Joe T. Ford, a director of Westrock Coffee Co. (WEST), made open-market purchases of 31,500 shares on May 13–14, 2026. Transactions reported: 8,000 shares @ $8.43 ($67,440), 3,500 shares @ $8.44 ($29,540), 5,000 shares @ $8.43 ($42,150), and 15,000 shares @ $8.50 ($127,500), for a total cash outlay of $266,630. These were purchases (code P), which investors often view as a more informative/“bullish” insider action than routine sales.
Key Details
- Transaction dates and prices: May 13, 2026 — 8,000 @ $8.43; 3,500 @ $8.44; 5,000 @ $8.43. May 14, 2026 — 15,000 @ $8.50.
- Total shares bought: 31,500; total value: $266,630.
- Shares held (as reported via footnotes): 3,889,776 shares held of record across trusts and Wooster Capital, LLC (see footnotes). Mr. Ford disclaims beneficial ownership where he has no pecuniary interest.
- Notable footnotes: F3 states a reported price is a weighted average for purchases made at prices ranging $8.45–$8.55; several other footnotes (F1, F2, F4, F5, F6) describe shares held of record by trusts/Wooster Capital and Mr. Ford’s disclaimers of beneficial ownership.
- Filing timeliness: Form 4 was filed on May 15, 2026 for transactions on May 13–14, 2026 (filed within the typical 2-business-day period).
Context: These were straight open-market purchases (no option exercises, gifts, or 10b5-1 noted). The filing documents holdings and trustee relationships but includes disclaimers that Mr. Ford does not claim beneficial ownership of trust-held shares where he lacks a pecuniary interest.