Taylor Stephen Charles 4
Research Summary
AI-generated summary
Natural Gas Services Group (NGS) Director Stephen Taylor Sells 100,000 Shares
What Happened
Stephen (Taylor) Charles, a director of Natural Gas Services Group, sold a total of 100,000 shares in open-market transactions on March 5–6, 2026 for aggregate proceeds of about $3.75 million. On March 5 he disposed of 70,000 shares at a weighted-average price of $37.58 (proceeds $2,630,922). On March 6 he disposed of 30,000 shares at a weighted-average price of $37.23 (proceeds $1,116,759). These were sales (not purchases or option exercises), which are often routine insider liquidity events and do not by themselves indicate company performance.
Key Details
- Transaction dates and prices:
- 2026-03-05: Sold 70,000 shares at weighted-average $37.58 (range reported: $37.30–$38.5596) — $2,630,922.
- 2026-03-06: Sold 30,000 shares at weighted-average $37.23 (range reported: $37.1538–$37.3455) — $1,116,759.
- Total sold: 100,000 shares for ~ $3,747,681 (~$3.75M).
- Shares owned after transaction: Not reported in the supplied filing excerpt.
- Footnotes: Prices shown are weighted averages; the filer can provide a breakdown of the number of shares sold at each individual price within the ranges (Footnotes F1, F2). Footnote F3 (about Restricted Stock Units representing one share at vesting) is noted in the filing but not directly relevant to these sales.
- Filing timeliness: Form 4 filed 2026-03-09 for transactions on 2026-03-05 and 2026-03-06 — appears to be filed within the customary Section 16 reporting window.
Context
These were open-market sales (transaction code S). Sales by officers/directors can be for many reasons (diversification, taxes, personal liquidity) and are not necessarily a signal about the company’s outlook. There is no indication in the provided excerpt of a Rule 10b5-1 trading plan or of option exercises or awards tied to these transactions.