Denton Blake 4
Research Summary
AI-generated summary
Noble (NE) SVP Denton Blake Sells 19,334 Shares
What Happened
Denton Blake, Senior Vice President, Marketing & Contracts at Noble Corp plc (NE), sold a total of 19,334 shares in open-market transactions on March 2, 2026. The Form 4 lists two tranches: 5,000 shares at $44.82 (reported proceeds $224,085) and 14,334 shares at $45.29 (reported proceeds $649,216), for combined proceeds of approximately $873,301. These are sales (Transaction code S), not purchases or option exercises.
Key Details
- Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (timely filing).
- Reported sales: 5,000 shares @ $44.82 = $224,085; 14,334 shares @ $45.29 = $649,216; total ≈ $873,301.
- Footnote: The filing states reported prices reflect weighted averages for open-market sales and that actual prices ranged from $45.078 to $45.889; the filer will provide a per-price breakdown on request.
- Shares owned after the transaction: Not specified in this filing.
- No 10b5-1 plan, option exercise, gift, or tax-withholding notation was disclosed in the provided details.
Context
This was an open-market sale — sales are common insider activity and do not by themselves indicate company performance or insider sentiment. For retail investors, purchases are typically more informative about insider confidence; when assessing impact, consider Blake’s overall holdings (not stated here), recent company news, and broader insider trading patterns.