Bentley Sheldon Richard 4
Research Summary
AI-generated summary
Cloudastructure (CSAI) 10% Owner Bentley S. Richard Sells 50,000 Shares
What Happened
- Bentley Sheldon Richard, a reported 10% owner of Cloudastructure, Inc. (CSAI), sold a total of 50,000 shares in two open‑market transactions. On 2026-02-10 he sold 25,000 shares at a weighted average price of $0.63 for $15,750, and on 2026-02-11 he sold 25,000 shares at a weighted average price of $0.59 for $14,750 — total proceeds about $30,500. These were sales (code S), which are typically routine dispositions rather than a bullish signal.
Key Details
- Transaction dates and prices:
- 2026-02-10: 25,000 shares; reported weighted avg $0.63 (actual trades ranged $0.627–$0.64).
- 2026-02-11: 25,000 shares; reported weighted avg $0.59 (actual trades ranged $0.578–$0.607).
- Total sold: 50,000 shares for approximately $30,500.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes of note:
- F1: All sales were effected pursuant to a Rule 10b5-1 trading plan adopted Aug 20, 2025 (pre‑arranged plan).
- F2 & F3: The prices shown are weighted averages; the filing commits to provide a breakdown of the individual execution prices within the stated ranges upon request.
- Filing timeliness: Transactions dated Feb 10–11 were reported on a Form 4 filed Feb 12, 2026 (appears timely under Form 4 rules).
Context
- As a 10% owner, Richard is a significant shareholder; sales under a 10b5-1 plan indicate pre‑planned dispositions and are generally viewed as routine. Sales do not necessarily indicate negative company prospects; purchases tend to carry more weight as a signal of insider confidence.