Horowitz Fran 4

What Happened
Fran Horowitz, CEO of Abercrombie & Fitch Co. (ANF), sold a total of 100,000 shares in open-market transactions on February 2–3, 2026 for aggregate proceeds of roughly $10.12 million. The filing shows four disposals: 800 shares at $102.11 ($81,688); 49,200 shares at a weighted average price of $101.10 ($4,974,120); 14,407 shares at a weighted average price of $102.77 ($1,480,607); and 35,593 shares at a weighted average price of $100.76 ($3,586,351). These were sales (not purchases).

Key Details

• Dates: Feb 2–3, 2026; filing dated Feb 4, 2026 (no late filing indicated).
• Prices: reported weighted averages as above; filing footnotes note per‑share price ranges for the larger blocks (e.g., roughly $100.54–$101.47, $102.54–$103.33, $100.40–$101.39) and say full breakdowns are available on request.
• Reason/authorization: Sales occurred automatically under a Rule 10b5‑1 trading plan adopted Aug 29, 2025 (footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: All are open-market sales (Form 4 sale code "S").

Context
Sales executed under a prearranged 10b5‑1 plan are typically automatic and follow a preset schedule; they do not, by themselves, indicate the insider’s current view of the company. For retail investors, purchases by insiders are often considered more informative than routine sales. Track subsequent insider filings and other company disclosures for additional signals.