Velasco Francisco 4

What Happened Francisco Velasco, an Executive Vice President serving as CLO/CRCO at PriceSmart (PSMT), sold 338 shares on 2026-02-13 at $154.71 per share, generating proceeds of about $52,292. The transaction is reported as a sale (code S), listed as an open-market or private sale.

Key Details

• Transaction date and price: 2026-02-13 at $154.71 per share.
• Total proceeds: approximately $52,292.
• Filing date (Form 4): 2026-02-18 — submitted five days after the trade and appears to be late relative to the usual 2-business-day Form 4 deadline (note: Feb 16 was a U.S. holiday).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes/plan: no 10b5-1 plan, tax withholding, or other footnotes were indicated in the supplied data.

Context A single small open-market sale by an executive is often routine (liquidity or diversification) and does not necessarily signal a change in company outlook. For retail investors, purchases tend to be more informative than isolated sales. This filing’s delayed submission is notable because timely reporting matters for transparency.