Goosehead (GSHD) Trustee Adrienne Kebodeaux Sells 7,000 Shares

What Happened

• Adrienne Kebodeaux (identified as a 10% owner and trustee of the Chick & The Bear Irrevocable Trust) converted derivative securities into common stock and sold 7,000 shares in an open-market transaction. The sale was executed on Aug 20, 2026 at $70.00 per share for total proceeds of $490,000.
• The filing shows conversion entries (transaction code C) reflecting the conversion of derivative units into shares, followed by a sale entry (transaction code S). This was a sale (liquidation) of converted shares rather than a purchase.

Key Details

• Transaction date(s): 2026-08-20. Sale price: $70.00 per share; proceeds $490,000.
• Transaction codes: C = conversion of derivative securities (e.g., LLC Units/Class B into Class A), S = open-market sale.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 notes the shares are held directly by the Chick & The Bear Irrevocable Trust and indirectly by Kebodeaux (she is trustee; immediate family are beneficiaries). F2 explains each LLC Unit plus a Class B share can be converted into one share of Class A common stock at any time; LLC Units do not expire.
• Filing: Report filed 2026-08-24 for transactions on 2026-08-20 (four days later). Form 4s are generally required within two business days of a transaction, so this filing was submitted several days after the trade date.

Context

• This was a conversion of derivative holdings (LLC Units/Class B) into Class A common stock followed by an immediate open-market sale of those shares — effectively a conversion-plus-sale, not an option exercise followed by a cashless swap.
• As a 10% owner and trustee, Kebodeaux is a large shareholder; such sales can be routine liquidity actions by a trust and do not necessarily reflect management’s view of the company’s outlook.