Latest news with #Rule10b5-1
Business Insider
12 hours ago
- Business
- Business Insider
ACHR Drops 9% after General Counsel Sells $1 Million in Stock
Shares of Archer Aviation (ACHR) fell 8.94% in yesterday's trading, closing at $9.88, after a new SEC filing revealed a significant insider stock sale by the company's General Counsel, Eric Lentell. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to the Form 4 filing, Lentell sold 95,896 shares of Class A common stock on June 30 at $10.60 per share. The sale was executed under a Rule 10b5-1 trading plan that was adopted on March 31, 2025. The filing also stated the transaction was carried out for tax and estate planning purposes. As of the filing date, Lentell holds no remaining shares and has no active trading plan in place. Surprising Timing While the sale was pre-arranged and legal under SEC guidelines, investors often react with caution to insider selling, especially when the transaction size is large. The timing also drew attention, as it followed a sharp rally in ACHR shares over the past few months, supported by strong liquidity updates and progress toward the commercial launch of eVTOL aircraft. The fact that the insider now holds zero shares may have amplified market concerns. Without an active 10b5-1 plan in place, some investors may worry about future discretionary selling or shifts in executive sentiment, even if the transaction was explained as personal. Despite the market reaction, there is no indication that the sale was tied to any change in Archer's business fundamentals. The company recently raised $850 million, bringing its total liquidity to about $2 billion, and continues to work toward piloted flight testing and regulatory certification. The stock experienced a modest recovery in pre-market trading today, rising to $10.06 (as of this writing). Still, the insider sale highlights how sensitive the market can be to executive moves, especially for pre-revenue companies in early-growth sectors, such as eVTOL. Investors will likely continue to monitor insider activity closely and company updates as the second half of the year unfolds. Archer Aviation scores a Moderate Buy rating based on 6 analysts. The average ACHR stock price target is $11.75, implying an 18.93% upside.
Time of India
a day ago
- Business
- Time of India
Amazon founder Jeff Bezos sells $737 million worth of Amazon shares under Rule 10b5-1: What it is
jeff bezos sells amazon shares Amazon founder and executive chairman Jeff Bezos has sold around $737 million worth of Amazon stock in recent days. This is the biggest major divestment made by Jeff Bezos this year. The transactions made by Bezos were executed under the prearranged trading plan known as Rule 10b5-1. For those unaware, Rule 10b5-1 is a regulation from the Securities and Exchange Commission (SEC) that lets insiders at public companies set up a plan to sell their shares ahead of time. Under this rule, major shareholders can schedule the sale of a fixed number of shares at a set time, helping them avoid accusations of insider trading. Many company executives use 10b5-1 plans for this reason. The rule was introduced to clarify Rule 10b-5, part of the Securities Exchange Act of 1934, which is the main law used to investigate securities fraud. Jeff Bezos sells $737 million worth of Amazon shares According to the regulatory fillings made public on July 1, 2025, Amazon founder sold around 3.3 million shares of the e-commerce major. Some of the stocks were offloaded late last week and some were sold early this week. The sale of the stocks coincided with Bezos' lavish wedding in Italy. Despite the sale of $737 million worth of Amazon shares, Bezos is still the largest shareholder in the company. Bezos still has around 905 million shares of Amazon. He has historically used stock sales to fund ventures like Blue Origin, his space exploration company, and philanthropic efforts including the Bezos Earth Fund and Day One Fund. Jeff Bezos sold up to 25 million Amazon shares This is not the first time this year that Jeff Bezos has sold Amazon Shares. Amazon founder offloaded around $4.8 billion worth of the company's stocks over recently. As revealed in a regulatory filing, the former CEO plans to sell up to 25m shares through trading plan "intended to satisfy Rule 10b5-1(c)" that ends on May 29, 2026. Bezos has previously sold $13.4bn of Amazon stock in 2024. With the planned sell off revealed in the Friday regulatory filing, he will now own less than 9% of the e-commerce business. Despite this, Bezos' remaining shares are worth about $170 billion in the $2 trillion company. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Wire
2 days ago
- Business
- Business Wire
State Street Corporation Announces Planned 11% Dividend Increase and Preliminary Stress Capital Buffer Requirement
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced its intention to increase its per share common stock dividend by 11% to $0.84 in the third quarter of 2025, subject to consideration and approval by its Board of Directors. State Street continues to be authorized to repurchase common shares under its existing share repurchase program previously approved by its Board of Directors. The Company also announced today that it had completed the Federal Reserve's 2025 Supervisory Stress Test process. State Street's calculated Stress Capital Buffer (SCB) under this year's supervisory stress test was well below the 2.5% minimum, preliminarily resulting in a continued SCB at that floor, which maintains its common equity tier 1 (CET1) ratio requirement at 8% 1. The Federal Reserve will release the firm's final SCB requirement by August 31, 2025, which will become effective on October 1, 2025, and remain in effect through September 30, 2026. The results of the firm's 2025 annual stress test, with its disclosure, are available on the Investor Relations section of its website at 'The results of the Federal Reserve's stress test reaffirm State Street's robust financial strength and our ability to support clients through a range of severely adverse economic conditions,' said Chairman and Chief Executive Officer Ron O'Hanley. 'We are pleased to once again announce a planned increase to our quarterly common dividend, enabled by our strong earnings, resilient balance sheet and continued execution of our strategy,' O'Hanley added. State Street's Board of Directors will consider the common stock dividend at a regularly scheduled board meeting in the third quarter of 2025. State Street's third quarter 2025 common stock and other stock dividends, including the declaration, timing and amount, remain subject to consideration and approval by State Street's Board of Directors at the relevant times. Stock purchases under State Street's common share repurchase program may be made using various types of transactions, including open-market purchases, accelerated share repurchases or other transactions off the market, and may be made under Rule 10b5-1 trading programs. The timing and amount of any stock purchases and the type of transaction may not be ratable over the duration of the program, may vary from reporting period to reporting period and will depend on several factors, including State Street's capital position and financial performance, investment opportunities, market conditions, the nature and timing of implementation of revisions to the Basel III framework and the amount of common stock issued as part of employee compensation programs. The common share repurchase program does not have specific price targets and may be suspended at any time. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.7 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of March 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at *Assets under management as of March 31, 2025, includes approximately $106 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Forward Looking Statements This News Release contains forward-looking statements within the meaning of United States securities laws, including statements about our intentions, plans and expectations regarding our quarterly common stock dividends, our share repurchase program and results of regulatory evaluations of our capital. Forward looking statements are often, but not always, identified by such forward-looking terminology as 'plan,' 'intend,' 'will,' 'project,' 'priority,' 'expect,' 'aim,' 'outcome,' 'future,' 'strategy,' 'pipeline,' 'trajectory,' 'target,' 'guidance,' 'outlook,' 'objective,' 'forecast,' 'believe,' 'anticipate,' 'estimate,' 'seek,' 'may,' 'trend,' and 'goal,' or similar statements or variations of such terms. These statements are not guarantees of future performance, are inherently uncertain, are based on current assumptions that are difficult to predict and involve a number of risks and uncertainties. Therefore, actual outcomes and results may differ materially from what is expressed in those statements. This News Release references important factors that may affect future results and outcomes. In addition to those factors, other important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2024 Annual Report on Form 10-K and our subsequent SEC filings. We encourage investors to read these filings, particularly the sections on risk factors, for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this News Release should not by relied on as representing our expectations or beliefs as of any time subsequent to the time this News Release is first issued, and we do not undertake efforts to revise those forward-looking statements to reflect events after that time.
Business Wire
2 days ago
- Business
- Business Wire
Redwood Capital Bancorp Announces Stock Repurchase Program
EUREKA, Calif.--(BUSINESS WIRE)--REDWOOD CAPITAL BANCORP (the 'Company') (OTCQX:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced that its Board of Directors recently approved a program under which the Company may repurchase up to $1 million worth of the Company's outstanding shares of common stock (the 'Stock Repurchase Program'). The Company's Stock Repurchase Program is effective July 1, 2025 and will remain in effect until September 30, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board of Directors, or when the $1 million designated for the Stock Repurchase Program are depleted. This is the Company's first Stock Repurchase Program. John E. Dalby, President and CEO, stated, 'The Stock Repurchase Program reflects the Board of Directors' commitment to enhancing shareholder value. The Stock Repurchase Program is reflective of the Company's strong capital position, liquidity for our shareholder base and the long-term value of our Company.' Shares may be repurchased in open market or private transactions and will be conducted pursuant to any trading plan that may be adopted in accordance with limitations set forth in Rule 10b5-1 promulgated by the Securities and Exchange Commission. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares. Funding for the Stock Repurchase Program will primarily come from the Company's existing internal funds, with additional support from dividends received from Redwood Capital Bank (the 'Bank'), the Company's wholly owned subsidiary, as needed. The implementation of the repurchase will also adhere to all relevant federal and state securities laws, thereby ensuring compliance with the regulatory framework. For further information, please contact our market maker responsible for this 10b5-1 Stock Repurchase Program: Joey Warmenhoven, CEO JWTT, Inc. Office: (971) 323-0700 For more information regarding Redwood Capital Bancorp, please visit our website at contact Renee Byers, CFO, at (707) 444-9849, or stop by our headquarters and main office at 402 'G' Street, Eureka, CA 95501. Redwood Capital Bancorp (OTCQX:RWCB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on This press release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
Time of India
25-06-2025
- Business
- Time of India
Nvidia CEO Jensen Huang sells 100,000 shares in two days, here's the 'Plan'
Nvidia CEO Jensen Huang Nvidia CEO Jensen Huang has started the sale of his company's stock. Huang has offloaded 1,00,000 shares in the span of two days as part of a trading plan which allows him to sell up to $856 million worth shares by the end of 2025. This transaction marks the first step in a pre-arranged Rule 10b5-1 trading plan which allows Hunag to sell up to 6 million shares. For those unaware, the 10b5-1 trading plan enable corporate insiders such as company executives to sell or but company stock at pre-decided value. This plan also offers defense against insider trading charges by showcasing that the traders were planned in advance and is not based on any new information. This pre-arranged structure ensures transparency and compliance with regulatory standards. The plan mentioned in Nvidia's quarterly report was adopted in March 2025. The plan is designed to allow structured selling without triggering any market volatility. Despite the recent stock sale, Hang still remains the largest individual shareholder of Nvidia. Huang still has more than 900 million shares. This sale of stockers by Huang comes at a time when Nvidia is dominating the AI chip market and its stock value witnessed 25% surge over the past year. Huang's net worth is estimated to be $126 billion and it is largely because of Nvidia's performance. Apart from Huang, Mark Stevens a board member of Nvidia also sold over 600,000 shares worth $88 million recently. However, unlike Huang, Stevens sale of stock was not operated under the 10b5-1 plan. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
