King David Lee 4

What Happened
Director King David Lee sold a total of 20,000 Primoris Services Corp (PRIM) shares in open-market transactions on May 26, 2026, generating approximately $2,381,801 in proceeds. The sales broke down as follows: 12,333 shares at $118.55 each for $1,462,073; 3,917 shares at $119.66 each for $468,722; and 3,750 shares at $120.27 each for $451,006. These were outright sales (transaction code S), which are typically routine disposition transactions rather than purchases that would signal bullish insider conviction.

Key Details

• Transaction date: May 26, 2026 (filed May 28, 2026). The filing appears timely (within the standard two-business-day window for Form 4s).
• Shares sold: 20,000 total; proceeds ≈ $2,381,801.
• Reported sale lines and totals:
  • 12,333 shares @ $118.55 — $1,462,073
  • 3,917 shares @ $119.66 — $468,722
  • 3,750 shares @ $120.27 — $451,006
• Footnotes: Sales occurred across multiple transactions at prices summarized in ranges. The filing includes three footnotes indicating breakdowns by price ranges (F1: $118.00–$119.00; F2: $119.01–$120.00; F3: $120.03–$120.60). The filer will provide exact per-trade counts by price upon written request to the issuer, shareholders, or the SEC staff.
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• These were straightforward open-market sales (S). Sales by directors can be for many personal reasons (diversification, tax planning, liquidity) and do not by themselves indicate company performance or insider sentiment.
• No purchase, option exercise, gift, or 10b5-1 plan was noted in the provided details. If you rely on insider activity for investment decisions, consider looking up the full Form 4 (Accession 0001620715-26-000008) for any additional context or ownership figures.