Forum Energy (FET) EVP John Ivascu Sells Shares
$FET · FORUM ENERGY TECHNOLOGIES, INC.Research Summary
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Forum Energy (FET) EVP John Ivascu Sells Shares
What Happened
John C. Ivascu, EVP, General Counsel & Chief Compliance Officer of Forum Energy Technologies (FET), sold a total of 5,000 shares in open-market transactions on August 11, 2026 for aggregate proceeds of about $406,106. The sale was broken into three reported lots: 2,100 shares at a weighted-average price of $80.62 ($169,302), 1,909 shares at $81.38 ($155,354), and 991 shares at $82.19 ($81,450). These were disposals (sales), which are generally routine and do not by themselves indicate a change in insider sentiment.
Key Details
- Transaction date: August 11, 2026; Form 4 filed August 12, 2026 (timely filing).
- Reported lots and amounts: 2,100 @ $80.62 = $169,302; 1,909 @ $81.38 = $155,354; 991 @ $82.19 = $81,450. Total = 5,000 shares for ~$406,106.
- Price detail: reported prices are weighted averages; actual sale prices ranged: Lot 1: $80.00–$80.96, Lot 2: $81.02–$81.95, Lot 3: $82.00–$82.80 (per filing footnotes).
- Footnote: All sales were executed pursuant to a Rule 10b5-1 trading plan established during an open trading window and disclosed in FET’s May 1, 2026 Form 10-Q. The reporting person offered to provide per-price breakdowns on request.
- Shares owned after the transaction: not specified in the provided filing.
Context
These sales were made under a pre-established 10b5‑1 plan, which typically schedules automated trades and is viewed as more routine than ad-hoc insider selling. For retail investors, purchases by insiders tend to be more informative than planned sales; this disclosure documents the disposition and compliance with SEC reporting rules rather than revealing new company-specific insight.