Research Summary
AI-generated summary of this SEC filing
Knowles (KN) CFO John S. Anderson Sells 40,000 Shares
What Happened
John S. Anderson, Senior Vice President and Chief Financial Officer of Knowles Corporation (KN), sold a total of 40,000 shares in two open-market transactions: 30,000 shares on 2026-08-12 at a weighted-average price of $39.07 for proceeds of $1,172,100, and 10,000 shares on 2026-08-13 at a weighted-average price of $38.84 for proceeds of $388,400. Aggregate proceeds were approximately $1,560,500. These were sales (not purchases), which are often routine disposition of holdings.
Key Details
- Transaction dates: Aug 12, 2026 (30,000 shares) and Aug 13, 2026 (10,000 shares). All transactions coded as S = Sale.
- Reported prices (weighted averages): $39.07 (Aug 12) and $38.84 (Aug 13). Per footnotes, actual sale prices ranged 38.79–39.56 (Aug 12 trades) and 38.64–39.03 (Aug 13 trades).
- Reported proceeds: $1,172,100 (Aug 12) and $388,400 (Aug 13); total ≈ $1,560,500.
- Footnote: Sales were effected under a Rule 10b5-1 trading plan adopted May 13, 2026. The filing offers to provide breakdowns of the individual trade prices on request.
- Shares owned after the transactions: not specified in the provided filing details.
- Filing date: Form 4 filed Aug 13, 2026; appears to be timely (Form 4 is generally due within two business days of the transaction).
Context
These were open-market sales executed under a pre-established 10b5-1 plan, which is a common mechanism insiders use to sell shares on a scheduled basis. That structure reduces the implication that the sales were based on nonpublic information; however, sales are generally treated as routine liquidity rather than a bullish signal.