Cree Brian 4
Research Summary
AI-generated summary
Vitesse Energy (VTS) President Brian Cree Sells 39,264 Shares
What Happened
- Brian Cree, President of Vitesse Energy (VTS), sold a total of 39,264 shares in open-market transactions between Jan 16–21, 2026, generating gross proceeds of about $760,291. The individual reported transactions were:
- 1/16/2026: 19,824 shares at an average $19.37 — $384,050
- 1/20/2026: 18,000 shares at an average $19.33 — $347,886
- 1/21/2026: 1,440 shares at an average $19.69 — $28,355
- These were sales (not purchases); sales are often routine and, in this case, were executed under a pre-established plan.
Key Details
- Transaction dates and reported average prices/ranges:
- 2026-01-16 — avg $19.37 (actual trades ranged $19.20–$19.53)
- 2026-01-20 — avg $19.33 (actual trades ranged $18.945–$19.49)
- 2026-01-21 — avg $19.69 (actual trades ranged $19.58–$19.70)
- Total shares sold: 39,264; total reported proceeds ≈ $760,291.
- Shares owned after the transactions: not specified in the summary filing.
- Notable footnotes:
- The sales were made under an established 10b5‑1 trading plan to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- Reported prices are averages; the filer offers to provide exact per-trade breakdowns on request (per the footnotes).
- Filing timing: Form 4 was filed on 2026-01-21. The earliest sale occurred 2026-01-16, so that trade was reported five days later (which is outside the typical 2-business-day Form 4 window); the 1/20–1/21 trades were reported the same day as filing.
Context
- Sales under a 10b5‑1 plan are pre-planned and commonly used for tax withholding after RSU vesting; they do not necessarily signal a change in the insider’s view of the company.
- For retail investors, purchases by insiders can be more informative of bullish conviction than routine, pre-planned sales. If you need the exact per-trade prices or share counts at each price within the ranges, the filer has offered to provide that detail upon request.