Genius Sports (GENI) CLO Russell Thomas Sells 50,000 Shares
$GENI · Genius Sports LtdResearch Summary
AI-generated summary of this SEC filing
Genius Sports (GENI) CLO Russell Thomas Sells 50,000 Shares
What Happened
Russell Thomas, Chief Legal Officer of Genius Sports Ltd (GENI), sold 50,000 shares in an open-market/private sale on September 17, 2026. The weighted average price reported was $6.51 (prices ranged $6.51–$6.53), for aggregate proceeds of approximately $325,565. This was a sale (not a purchase or option exercise) and is typically considered a routine insider disposition.
Key Details
- Transaction date: 2026-09-17; Form filed: 2026-09-18 (appears timely).
- Transaction type/code: Sale (S) — open market/private sale.
- Shares sold: 50,000; weighted average price: $6.51; price range reported: $6.51–$6.53.
- Proceeds: ~$325,565.
- Shares owned after transaction: Not included in the provided filing details.
- Footnote: The reported price is a weighted average; the filer says they can provide a breakdown of the number of shares sold at each price within the $6.51–$6.53 range upon request (Footnote F1).
- No 10b5-1 plan, tax withholding, gift, or option exercise was indicated in the provided summary.
Context
Sales by executives can be for many personal or portfolio reasons and do not by themselves signal company performance; purchases are generally viewed as more indicative of insider confidence. This report documents a straightforward disposition by the company’s chief legal officer; investors should combine this with other filings and company news before drawing conclusions. If you need the exact per-trade prices or post-sale holdings, the filer states that breakdowns can be provided to the issuer, shareholders, or the SEC staff on request.