Horowitz Fran 4

What Happened
Fran Horowitz, CEO of Abercrombie & Fitch (ANF), executed a series of open-market sales on Feb 4–5, 2026. She sold a total of 67,031 shares for aggregate proceeds of roughly $6.92 million. The sales were reported as dispositions (code S) and were executed through an automated Rule 10b5-1 trading plan.

Key Details

• Transaction dates: Feb 4, 2026 (five lots totaling 50,000 shares) and Feb 5, 2026 (five lots totaling 17,031 shares).
• Per-lot examples (sales were multiple lots): Feb 4 included lots like 17,251 shares @ $105.52 and 14,919 @ $102.44; Feb 5 included lots like 4,864 @ $101.39 and 4,610 @ $100.52. Total proceeds ≈ $6,920,168.
• Price ranges and weighted averages: footnotes indicate prices were reported as weighted averages across price ranges (roughly $100.00–$106.13 across lots); full per-price breakdown available on request per the filing footnotes.
• Planned sale: Footnote confirms the sales occurred automatically under a Rule 10b5-1 trading plan adopted Aug 29, 2025.
• Shares owned after transaction: Not specified in the summary data provided here—see the Form 4 for post-transaction holdings.
• Filing timeliness: Report filed Feb 6, 2026 for trades on Feb 4–5; this filing appears timely (insiders generally must file Form 4 within two business days).

Context
Sales executed under a 10b5-1 plan are pre-authorized and typically reflect scheduled, rule-compliant dispositions rather than ad-hoc trading decisions; they are not direct evidence of changed views about the company. This Form 4 reports only sales (S = Sale), which are routine for executives managing diversification or tax/liquidity needs. Retail investors should note the plan disclosure but avoid inferring company performance guidance solely from these sales.