Similarweb (SMWB) CEO Offer Or Sells 118,200 Shares

What Happened Offer Or, CEO of Similarweb Ltd. (SMWB), sold a total of 118,200 shares in two open-market transactions: 59,200 shares on 2026-09-10 at a weighted average price of $8.06 ($477,336) and 59,000 shares on 2026-09-11 at a weighted average price of $8.05 ($474,909). Total proceeds across both days were approximately $952,245. These were sales (not purchases), which are often routine insider liquidity events rather than a bullish signal.

Key Details

• Transaction dates and prices:
  • 2026-09-10: 59,200 shares sold, weighted avg price $8.06 (per-share range $7.89–$8.18).
  • 2026-09-11: 59,000 shares sold, weighted avg price $8.05 (per-share range $7.94–$8.12).
• Total sold: 118,200 shares for ~$952,245.
• Shares owned after the transactions: Not disclosed in the Form 4 provided.
• Notable footnotes:
  • Sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 1, 2026.
  • Reported prices are weighted averages; the filer says they can provide per-trade breakdown on request.
• Filing timeliness: Form 4 was filed on 2026-09-14 for transactions on 9/10 and 9/11; this appears to be timely (within SEC two-business-day requirement).

Context These were outright sales under a pre-established 10b5-1 plan, which often means trades were pre-scheduled and not discretionary. For retail investors, purchases generally carry more informational weight than routine insider sales; this filing documents management liquidity rather than a new buy signal.