Gentherm (THRM) SVP & General Counsel Wayne Kauffman Sells Shares

What Happened Wayne S. Kauffman III, Senior Vice President and General Counsel of Gentherm Inc. (THRM), sold 4,700 shares in an open-market transaction on July 29, 2026. The weighted average sale price was $43.21 per share, for total proceeds of approximately $203,087. This was a sale (S code), which is typically routine insider selling rather than a buy signal.

Key Details

• Transaction date: July 29, 2026 (reported on Form 4 filed July 30, 2026)
• Shares sold: 4,700
• Weighted average price: $43.21; total proceeds ≈ $203,087
• Reported price range: $43.150 to $43.430 (footnote: breakdown by price available upon SEC request)
• Transaction type: Open-market sale (S)
• Shares owned after transaction: Not specified in this filing
• Filing timeliness: Form 4 was filed the next day (appears timely within SEC reporting rules)

Context Sales by executives can be for many reasons (diversification, taxes, liquidity) and do not by themselves indicate company problems or insider pessimism. Unlike purchases, insider sales are generally less informative about positive conviction. This transaction does not involve option exercises, awards, or gifts — it is a straightforward open-market sale.