Weingarten Tomer 4
Research Summary
AI-generated summary
SentinelOne CEO Tomer Weingarten Sells 57,941 Shares
What Happened
- Tomer Weingarten, President, CEO and a director of SentinelOne (S), converted 57,941 Class B shares into Class A common stock and immediately sold those 57,941 shares in the open market on June 15, 2026. The sales generated approximately $881,306 at a weighted-average price of $15.21 per share.
- The conversion was recorded at $0.00 per share (conversion of a derivative security — Class B to Class A). The reported sale prices ranged from $15.025 to $15.495; the filing reports the weighted average price and aggregate proceeds.
Key Details
- Transaction date: June 15, 2026.
- Sale: 57,941 shares disposed; weighted average price $15.21; aggregate proceeds ~$881,306. Price range for individual trades: $15.025–$15.495 (footnote).
- Acquisition/Conversion: 57,941 shares converted from Class B to Class A at $0.00 (conversion of derivative security).
- Plan: Sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025 (footnote).
- Forfeiture/ownership notes: Some shares may be subject to forfeiture if vesting conditions are unmet; certain Class B conversion/transfer rules apply per the filing. Some shares are held in an irrevocable trust over which the reporting person may have limited powers; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
- Shares owned after the transaction: not specified in the filing.
- Filing exhibits: Exhibit 24.1 (Power of Attorney) included.
Context
- This was a sale of converted shares executed under a pre-established 10b5-1 plan — common for routine, pre-scheduled insider sales and typically not a direct signal of changed company outlook.
- The filing shows conversion of Class B to Class A stock (a structural class conversion), not an option exercise for cash. Some converted shares remain subject to forfeiture/vesting conditions per the issuer’s terms.
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