Kelleher Bart B 4
Research Summary
AI-generated summary
Ardmore Shipping (ASC) President Bart Kelleher Sells 8,000 Shares
What Happened
- Bart B. Kelleher, President of Ardmore Shipping (ASC), sold 8,000 shares on May 5, 2026. The transaction was a sale (Form 4) at a weighted average price of $19.07 per share, resulting in aggregate proceeds of $152,560. The actual sale prices ranged from $19.00 to $19.13.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 6, 2026 (timely filing).
- Transaction type/code: S = Sale (open‑market or private sale noted on form).
- Price: weighted average $19.07; reported range $19.00–$19.13 (reporting person can provide per‑price breakdown on request).
- Total proceeds: $152,560 (8,000 shares × $19.07 WAvg).
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: F1 — Sale effected under a Rule 10b5‑1 trading plan adopted Sept 12, 2025. F2 — Weighted average and price range disclosure.
- Timeliness: Filing appears timely (transaction 5/5/2026; Form 4 filed 5/6/2026).
Context
- The sale was executed under a pre‑arranged Rule 10b5‑1 plan, which schedules trades in advance and can indicate the transaction was automated rather than a real‑time judgment about the company. Sales are common for insiders for liquidity or diversification and are generally less informative than open‑market purchases about insider sentiment.