ODELL RICHARD D 4

What Happened

• Richard D. Odell, CEO of Proficient Auto Logistics, sold a total of 60,934 shares in two open-market transactions tied to RSU settlement tax withholding. He sold 33,743 shares on 2026-05-15 for a weighted average price of $5.08 (proceeds ~$171,414) and 27,191 shares on 2026-05-18 for a weighted average price of $5.03 (proceeds ~$136,771). Total proceeds across both sales were about $308,185. These were sell transactions (routine liquidity/tax withholding rather than purchases).

Key Details

• Transaction dates and prices:
  • 2026-05-15: 33,743 shares sold, Wtd. avg price $5.08 (prices ranged $4.91–$5.16; multiple trades) — Footnote F2
  • 2026-05-18: 27,191 shares sold, Wtd. avg price $5.03 (prices ranged $5.00–$5.10; multiple trades) — Footnote F3
• Purpose: Footnote F1 states the sales were to cover tax withholding obligations related to the vesting/settlement of restricted stock units (RSUs).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 filed on 2026-05-18 for a 2026-05-15 transaction; this filing date is within the required two business-day reporting window.

Context

• These sales were tax-withholding dispositions following RSU vesting (Footnote F1), a common and non-discretionary reason insiders sell shares; such transactions are generally considered routine and do not necessarily signal a change in insider sentiment.
• The sales were executed in multiple trades at slightly different prices; the filing reports weighted-average prices and offers to provide per-trade price breakdowns on request (Footnotes F2, F3).