Collins Spencer 4
4 · ARM HOLDINGS PLC /UK · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
ARM (ARM) Chief Legal Officer Spencer Collins Sells 51,961 Shares
What Happened Spencer Collins, Chief Legal Officer of ARM Holdings plc, sold a total of 51,961 American Depositary Shares (ADSs) in open-market transactions on May 11, 2026, generating approximately $11.0 million in proceeds. The sales were reported as disposals (code S) in eight lots:
- 836 shares @ $207.77 = $173,696
- 1,849 shares @ $208.68 = $385,849
- 5,353 shares @ $209.52 = $1,121,561
- 9,815 shares @ $210.53 = $2,066,352
- 10,674 shares @ $211.46 = $2,257,124
- 11,197 shares @ $212.51 = $2,379,474
- 7,371 shares @ $213.59 = $1,574,372
- 4,866 shares @ $214.41 = $1,043,319
This filing reports sales (liquidity event), not purchases; the filing does not state a reason for the disposals.
Key Details
- Transaction date: May 11, 2026; Filing date: May 13, 2026 (appears timely — filed within two business days).
- Price range: ADSs sold at prices reported between $207.01 and $214.94 (footnotes give narrower ranges per lot).
- Total shares sold: 51,961 ADSs; Total proceeds: ~$11,001,747.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 clarifies each ADS represents 1 Ordinary Share (0.001 GBP nominal). F2–F9 note the reported amounts are weighted-average prices with per-price breakdowns available upon request to the SEC/issuer.
- Transaction code: S = Sale (open-market). No 10b5-1 plan, tax withholding, or late-filing flag is indicated in the provided data.
Context
- ADS note: These are American Depositary Shares representing ARM ordinary shares; each ADS equals one ordinary share.
- For retail investors: purchases by insiders are generally more informative than routine sales; sales by executives can reflect many non-opinion reasons (liquidity, diversification, tax obligations), but the filing gives no stated motive.
- This is an officer-level sale (Chief Legal Officer), not a 10% owner transaction; the filing simply reports the disposition of shares.
Insider Transaction Report
Form 4
Collins Spencer
Chief Legal Officer
Transactions
- Sale
Ordinary Shares
[F1][F2]2026-05-11$207.77/sh−836$173,696→ 51,125 total - Sale
Ordinary Shares
[F1][F3]2026-05-11$208.68/sh−1,849$385,849→ 49,276 total - Sale
Ordinary Shares
[F1][F4]2026-05-11$209.52/sh−5,353$1,121,561→ 43,923 total - Sale
Ordinary Shares
[F1][F5]2026-05-11$210.53/sh−9,815$2,066,352→ 34,108 total - Sale
Ordinary Shares
[F1][F6]2026-05-11$211.46/sh−10,674$2,257,124→ 23,434 total - Sale
Ordinary Shares
[F1][F7]2026-05-11$212.51/sh−11,197$2,379,474→ 12,237 total - Sale
Ordinary Shares
[F1][F8]2026-05-11$213.59/sh−7,371$1,574,372→ 4,866 total - Sale
Ordinary Shares
[F1][F9]2026-05-11$214.41/sh−4,866$1,043,319→ 0 total
Footnotes (9)
- [F1]Ordinary shares, nominal value 0.001 GBP per share ("Ordinary Shares"), are held in the form of American Depositary Shares ("ADSs"). Each ADS represents 1 Ordinary Share.
- [F2]Represents weighted average sales price. The shares were sold at prices ranging from $207.01 to $207.99. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F3]Represents weighted average sales price. The shares were sold at prices ranging from $208.16 to $208.99. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F4]Represents weighted average sales price. The shares were sold at prices ranging from $209.00 to $209.95. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F5]Represents weighted average sales price. The shares were sold at prices ranging from $210.00 to $210.99. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F6]Represents weighted average sales price. The shares were sold at prices ranging from $211.00 to $211.99. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F7]Represents weighted average sales price. The shares were sold at prices ranging from $212.00 to $212.99. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F8]Represents weighted average sales price. The shares were sold at prices ranging from $213.00 to $213.99. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F9]Represents weighted average sales price. The shares were sold at prices ranging from $214.00 to $214.94. The reporting person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
Signature
/s/ George Kanelos, as Attorney-in-Fact for Spencer Collins|2026-05-13