Thakar Sumedh S 4
Research Summary
AI-generated summary
Qualys (QLYS) CEO Sumedh Thakar Sells 10,000 Shares
What Happened
Sumedh S. Thakar, CEO, President and a director of Qualys, sold a total of 10,000 shares on June 29, 2026, in three open-market transactions. The sales were: 2,700 shares at $125.60 ($339,128); 4,994 shares at $126.96 ($634,025); and 2,306 shares at $127.66 ($294,384), totaling approximately $1,267,537. These were sales (code S), not purchases.
Key Details
- Transaction date: June 29, 2026 (reported on Form 4 filed June 30, 2026). Filing appears timely.
- Per-trade details:
- 2,700 shares @ $125.60 = $339,128
- 4,994 shares @ $126.96 = $634,025
- 2,306 shares @ $127.66 = $294,384
- Aggregate proceeds: ~$1,267,537.
- Shares owned after transaction: Not specified in the excerpt of this filing.
- Notable footnotes:
- F1: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted Feb 27, 2026 (pre‑planned sales).
- F2–F4: Each sale reported with a weighted-average price range; the filer will provide the breakdown on request by SEC staff.
- Transaction code: S = Sale.
Context
A 10b5-1 trading plan means the sales were carried out under a pre-established plan, which is common for executives and helps insulate against claims of trading on nonpublic information. Sales are generally considered less informative about insider sentiment than purchases; this filing documents routine disposition of shares rather than an acquisition.