Butterfass Sarah 4
4 · NETGEAR, INC. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
NETGEAR (NTGR) Director Sarah Butterfass Sells Shares
What Happened
Sarah Butterfass, a director of NETGEAR, sold a total of 2,704 shares in two open‑market transactions on June 1, 2026, receiving about $72,738 in proceeds. The first sale was 1,570 shares at a weighted average price of $26.77 (total ~$42,029); the second was 1,134 shares at a weighted average price of $27.08 (total ~$30,709). These were sales (not purchases) and were executed under a pre-established trading plan.
Key Details
- Transaction dates: 2026-06-01 (both sales). Form 4 filed 2026-06-03 (appears timely).
- Prices/ranges:
- 1,570 shares — reported avg $26.77; per-share prices ranged $25.99–$26.98 (F2).
- 1,134 shares — reported avg $27.08; per-share prices ranged $26.99–$27.13 (F3).
- Total proceeds: approximately $72,738.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnote: sales were made pursuant to a Rule 10b5‑1 trading plan adopted Dec 9, 2025 for purposes including covering expected tax liability (F1). The filing states the weighted averages reflect multiple trades and the reporting person can provide the breakdown on request.
Context
Sales made under a 10b5‑1 plan are typically pre-arranged and often reflect routine portfolio or tax-management activity rather than a spontaneous judgment about the company's near‑term prospects. For retail investors, purchases are generally more informative about insider conviction; these reported transactions are routine sales under a plan.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-01$26.77/sh−1,570$42,029→ 40,087 total - Sale
Common Stock
[F1][F3]2026-06-01$27.08/sh−1,134$30,709→ 38,953 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on December 9, 2025 for purposes including covering expected tax liability.
- [F2]The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $25.99 to $26.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $26.99 to $27.13, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.