Thompson Rebecca 4/A
Research Summary
AI-generated summary
AAON Chief Accounting Officer Rebecca Thompson Sells 2,287 Shares
What Happened
Rebecca Thompson, AAON's Chief Accounting Officer, exercised options for 2,287 shares at $29.48 per share (total exercise cost $67,421) on April 21, 2026, and sold those 2,287 shares the same day in open-market trades for a weighted average price of $100.11 per share (total proceeds ≈ $228,952). This sequence—exercise followed by an immediate sale—is effectively a cashless exercise resulting in a net sale.
Key Details
- Transaction date: 2026-04-21 (exercise and sale occurred same day)
- Exercise: 2,287 shares @ $29.48 = $67,421 (acquired via derivative exercise, code M)
- Sale: 2,287 shares @ weighted avg $100.11 = $228,952 (code S)
- Footnote: Sales executed in multiple trades at prices ranging $100.00–$100.22; $100.11 is the weighted average.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Amendment: The Form 4 was amended solely to correct an inadvertent omission of the Rule 10b5-1(c) checkbox designation.
Context
- This was an option exercise immediately followed by a sale (cashless exercise), which is a common way for insiders to realize option value and cover exercise costs or taxes.
- The filing is an amended Form 4 to correct the 10b5-1 checkbox; the amendment does not change the transaction sizes or prices disclosed above.