WELSH MARK A III 4

What Happened Mark A. Welsh III, a director of Northrop Grumman Corporation (NOC), sold a total of 95 shares in multiple open‑market transactions on February 2, 2026. The trades were executed in 12 lots (sizes ranged from 2 to 22 shares) at prices between about $676.11 and $689.72, generating proceeds of approximately $65,029 (weighted average sale price ≈ $684.52). These were sales (not purchases), and the filing indicates they were made under a pre‑existing Rule 10b5‑1 trading plan.

Key Details

• Transaction date: February 2, 2026 (Form 4 filed Feb 3, 2026 — appears timely).
• Total sold: 95 shares in 12 open‑market trades; total proceeds ≈ $65,029; weighted avg ≈ $684.52/share.
• Price range reported across lots: roughly $676.11 (low) to $689.72 (high). Footnotes give weighted averages and per‑lot high/low ranges for each group of shares; the filer will provide per‑price breakdown on request.
• Plan note: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted August 23, 2025 (Footnote F1).
• Shares owned after transaction: Not specified in the supplied filing excerpts.

Context

• These are director sales under a 10b5‑1 plan, which typically means trades were pre‑scheduled and do not by themselves indicate a change in the director’s private view of the company.
• For retail investors: purchases by insiders are generally considered more informative than routine sales; this transaction is relatively small (95 shares, ~$65k) for a company of Northrop Grumman’s size.