[Form 4] GMS Inc. Insider Trading Activity
On 08/04/2025, Verisk Analytics (VRSK) Chief Information Officer Nicholas Daffan filed a Form 4 detailing option exercises and a related share sale executed under a Rule 10b5-1 plan.
- Options exercised: 2,749 shares at $104 and 1,883 shares at $107.64, stemming from the 2013 Equity Incentive Plan.
- Shares sold: 5,420 common shares at $272.03, yielding roughly $1.5 million in gross proceeds.
- Resulting ownership: Direct holdings move from 55,913 to 55,125 shares (-788 shares, 鈮�-1.4%). Remaining option balance is 13,897 shares.
The transaction appears routine and pre-planned; while insider selling can be viewed cautiously, the small percentage reduction and concurrent option exercise temper negative interpretations.
Il 08/04/2025, il Chief Information Officer di Verisk Analytics (VRSK), Nicholas Daffan, ha presentato un Modulo 4 che dettaglia l'esercizio di opzioni e una vendita di azioni correlate eseguita secondo un piano Rule 10b5-1.
- Opzioni esercitate: 2.749 azioni a 104$ e 1.883 azioni a 107,64$, derivanti dal Piano di Incentivi Azionari del 2013.
- Azioni vendute: 5.420 azioni ordinarie a 272,03$, per un ricavo lordo di circa 1,5 milioni di dollari.
- Propriet脿 risultante: Le partecipazioni dirette passano da 55.913 a 55.125 azioni (-788 azioni, 鈮�-1,4%). Il saldo residuo di opzioni 猫 di 13.897 azioni.
L'operazione sembra di routine e pianificata in anticipo; sebbene la vendita da parte di un insider possa essere vista con cautela, la riduzione percentuale contenuta e l'esercizio simultaneo delle opzioni attenuano interpretazioni negative.
El 08/04/2025, el Director de Informaci贸n de Verisk Analytics (VRSK), Nicholas Daffan, present贸 un Formulario 4 detallando el ejercicio de opciones y una venta de acciones relacionada ejecutada bajo un plan Rule 10b5-1.
- Opciones ejercidas: 2.749 acciones a 104$ y 1.883 acciones a 107,64$, provenientes del Plan de Incentivos de Capital de 2013.
- Acciones vendidas: 5.420 acciones ordinarias a 272,03$, generando aproximadamente 1,5 millones de d贸lares en ingresos brutos.
- Propiedad resultante: Las participaciones directas bajan de 55.913 a 55.125 acciones (-788 acciones, 鈮�-1,4%). El saldo restante de opciones es de 13.897 acciones.
La transacci贸n parece rutinaria y preplanificada; aunque la venta por parte de un insider puede verse con cautela, la peque帽a reducci贸n porcentual y el ejercicio simult谩neo de opciones moderan interpretaciones negativas.
2025雲� 4鞗� 8鞚�, Verisk Analytics(VRSK)鞚� 斓滉碃鞝曤炒毂呾瀯鞛� 雼堨綔霛检姢 雼ろ寪鞚� Rule 10b5-1 瓿勴殟鞐� 霐半澕 鞓奠厴 頄夓偓 氚� 甏�霠� 欤检嫕 毵る弰 雮挫毄鞚� 靸侅劯頌� 旮办灛頃� Form 4毳� 鞝滌稖頄堨姷雼堧嫟.
- 頄夓偓頃� 鞓奠厴: 2013雲� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半ジ 2,749欤�(頄夓偓臧� $104) 氚� 1,883欤�(頄夓偓臧� $107.64).
- 毵る弰頃� 欤检嫕: 氤错喌欤� 5,420欤茧ゼ 欤茧嫻 $272.03鞐� 毵る弰頃橃棳 鞎� 150毵� 雼煬鞚� 齑濎垬鞚奠潉 彀届稖.
- 斓滌 氤挫湢霟�: 歆侅爲 氤挫湢 欤检嫕鞚� 55,913欤检棎靹� 55,125欤茧 臧愳唽(-788欤�, 鞎� -1.4%). 雮潃 鞓奠厴 鞛旍暋鞚� 13,897欤�.
鞚措矆 瓯半灅電� 鞚检儊鞝侅澊瓿� 靷爠 瓿勴殟霅� 瓴冹溂搿� 氤挫瀰雼堧嫟. 雮措秬鞛� 毵る弰電� 欤检潣 旯婈矊 氤� 靾� 鞛堨溂雮�, 鞝侅潃 牍勳湪鞚� 臧愳唽鞕� 霃欖嫓 鞓奠厴 頄夓偓搿� 攵�鞝曥爜 頃挫劃鞚� 鞕勴檾霅╇媹雼�.
Le 08/04/2025, le Directeur des Syst猫mes d'Information de Verisk Analytics (VRSK), Nicholas Daffan, a d茅pos茅 un Formulaire 4 d茅taillant l'exercice d'options et une vente d'actions associ茅e r茅alis茅e dans le cadre d'un plan Rule 10b5-1.
- Options exerc茅es : 2 749 actions 脿 104$ et 1 883 actions 脿 107,64$, issues du Plan d'Incitation en Actions de 2013.
- Actions vendues : 5 420 actions ordinaires 脿 272,03$, g茅n茅rant environ 1,5 million de dollars de produit brut.
- Participation r茅sultante : Les d茅tentions directes passent de 55 913 脿 55 125 actions (-788 actions, 鈮�-1,4%). Le solde restant d'options est de 13 897 actions.
La transaction semble routini猫re et planifi茅e 脿 l'avance ; bien que la vente par un initi茅 puisse 锚tre vue avec prudence, la faible r茅duction en pourcentage et l'exercice simultan茅 des options att茅nuent les interpr茅tations n茅gatives.
Am 08.04.2025 reichte Nicholas Daffan, Chief Information Officer von Verisk Analytics (VRSK), ein Formular 4 ein, das die Aus眉bung von Optionen und einen damit verbundenen Aktienverkauf gem盲脽 einem Rule 10b5-1-Plan detailliert.
- Ausge眉bte Optionen: 2.749 Aktien zu 104$ und 1.883 Aktien zu 107,64$, basierend auf dem Equity Incentive Plan von 2013.
- Verkaufte Aktien: 5.420 Stammaktien zu 272,03$, was etwa 1,5 Millionen Dollar Bruttoerl枚s einbrachte.
- Resultierender Besitz: Direkte Beteiligungen verringern sich von 55.913 auf 55.125 Aktien (-788 Aktien, ca. -1,4%). Der verbleibende Optionsbestand betr盲gt 13.897 Aktien.
Die Transaktion wirkt routinem盲脽ig und vorgeplant; obwohl Insider-Verk盲ufe mit Vorsicht betrachtet werden, mildern die geringe prozentuale Reduzierung und die gleichzeitige Aus眉bung der Optionen negative Interpretationen.
- Pre-planned 10b5-1 designation reduces risk of opportunistic insider trading concerns.
- Officer retains 55,125 shares, maintaining significant equity alignment with shareholders.
- Net insider sale of 788 shares may be perceived as a mild negative signal despite limited size.
- Cash-out of deep-in-the-money options could be viewed as reduced future upside confidence, although common in liquidity events.
Insights
TL;DR Minor, pre-planned sale; negligible impact on VRSK valuation or outlook.
Daffan鈥檚 disposal represents less than 2 % of his equity exposure and was executed under a 10b5-1 plan, suggesting no informational motive. Cashing out after exercising deep-in-the-money options is standard liquidity management, especially with shares at ~$272 versus strike prices near $105-108. Given Verisk鈥檚 ~$40 bn market cap, a $1.5 m sale is immaterial. I view the filing as neutral for investors.
TL;DR Governance-friendly disclosure; limited signalling risk due to 10b5-1.
The presence of a dated 10b5-1 plan (established 03/05/2025) limits concerns over opportunistic timing and aligns with SEC best practices. Net share reduction is minimal, and the officer maintains a meaningful stake, preserving alignment with shareholders. No red flags emerge from the form.
Il 08/04/2025, il Chief Information Officer di Verisk Analytics (VRSK), Nicholas Daffan, ha presentato un Modulo 4 che dettaglia l'esercizio di opzioni e una vendita di azioni correlate eseguita secondo un piano Rule 10b5-1.
- Opzioni esercitate: 2.749 azioni a 104$ e 1.883 azioni a 107,64$, derivanti dal Piano di Incentivi Azionari del 2013.
- Azioni vendute: 5.420 azioni ordinarie a 272,03$, per un ricavo lordo di circa 1,5 milioni di dollari.
- Propriet脿 risultante: Le partecipazioni dirette passano da 55.913 a 55.125 azioni (-788 azioni, 鈮�-1,4%). Il saldo residuo di opzioni 猫 di 13.897 azioni.
L'operazione sembra di routine e pianificata in anticipo; sebbene la vendita da parte di un insider possa essere vista con cautela, la riduzione percentuale contenuta e l'esercizio simultaneo delle opzioni attenuano interpretazioni negative.
El 08/04/2025, el Director de Informaci贸n de Verisk Analytics (VRSK), Nicholas Daffan, present贸 un Formulario 4 detallando el ejercicio de opciones y una venta de acciones relacionada ejecutada bajo un plan Rule 10b5-1.
- Opciones ejercidas: 2.749 acciones a 104$ y 1.883 acciones a 107,64$, provenientes del Plan de Incentivos de Capital de 2013.
- Acciones vendidas: 5.420 acciones ordinarias a 272,03$, generando aproximadamente 1,5 millones de d贸lares en ingresos brutos.
- Propiedad resultante: Las participaciones directas bajan de 55.913 a 55.125 acciones (-788 acciones, 鈮�-1,4%). El saldo restante de opciones es de 13.897 acciones.
La transacci贸n parece rutinaria y preplanificada; aunque la venta por parte de un insider puede verse con cautela, la peque帽a reducci贸n porcentual y el ejercicio simult谩neo de opciones moderan interpretaciones negativas.
2025雲� 4鞗� 8鞚�, Verisk Analytics(VRSK)鞚� 斓滉碃鞝曤炒毂呾瀯鞛� 雼堨綔霛检姢 雼ろ寪鞚� Rule 10b5-1 瓿勴殟鞐� 霐半澕 鞓奠厴 頄夓偓 氚� 甏�霠� 欤检嫕 毵る弰 雮挫毄鞚� 靸侅劯頌� 旮办灛頃� Form 4毳� 鞝滌稖頄堨姷雼堧嫟.
- 頄夓偓頃� 鞓奠厴: 2013雲� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半ジ 2,749欤�(頄夓偓臧� $104) 氚� 1,883欤�(頄夓偓臧� $107.64).
- 毵る弰頃� 欤检嫕: 氤错喌欤� 5,420欤茧ゼ 欤茧嫻 $272.03鞐� 毵る弰頃橃棳 鞎� 150毵� 雼煬鞚� 齑濎垬鞚奠潉 彀届稖.
- 斓滌 氤挫湢霟�: 歆侅爲 氤挫湢 欤检嫕鞚� 55,913欤检棎靹� 55,125欤茧 臧愳唽(-788欤�, 鞎� -1.4%). 雮潃 鞓奠厴 鞛旍暋鞚� 13,897欤�.
鞚措矆 瓯半灅電� 鞚检儊鞝侅澊瓿� 靷爠 瓿勴殟霅� 瓴冹溂搿� 氤挫瀰雼堧嫟. 雮措秬鞛� 毵る弰電� 欤检潣 旯婈矊 氤� 靾� 鞛堨溂雮�, 鞝侅潃 牍勳湪鞚� 臧愳唽鞕� 霃欖嫓 鞓奠厴 頄夓偓搿� 攵�鞝曥爜 頃挫劃鞚� 鞕勴檾霅╇媹雼�.
Le 08/04/2025, le Directeur des Syst猫mes d'Information de Verisk Analytics (VRSK), Nicholas Daffan, a d茅pos茅 un Formulaire 4 d茅taillant l'exercice d'options et une vente d'actions associ茅e r茅alis茅e dans le cadre d'un plan Rule 10b5-1.
- Options exerc茅es : 2 749 actions 脿 104$ et 1 883 actions 脿 107,64$, issues du Plan d'Incitation en Actions de 2013.
- Actions vendues : 5 420 actions ordinaires 脿 272,03$, g茅n茅rant environ 1,5 million de dollars de produit brut.
- Participation r茅sultante : Les d茅tentions directes passent de 55 913 脿 55 125 actions (-788 actions, 鈮�-1,4%). Le solde restant d'options est de 13 897 actions.
La transaction semble routini猫re et planifi茅e 脿 l'avance ; bien que la vente par un initi茅 puisse 锚tre vue avec prudence, la faible r茅duction en pourcentage et l'exercice simultan茅 des options att茅nuent les interpr茅tations n茅gatives.
Am 08.04.2025 reichte Nicholas Daffan, Chief Information Officer von Verisk Analytics (VRSK), ein Formular 4 ein, das die Aus眉bung von Optionen und einen damit verbundenen Aktienverkauf gem盲脽 einem Rule 10b5-1-Plan detailliert.
- Ausge眉bte Optionen: 2.749 Aktien zu 104$ und 1.883 Aktien zu 107,64$, basierend auf dem Equity Incentive Plan von 2013.
- Verkaufte Aktien: 5.420 Stammaktien zu 272,03$, was etwa 1,5 Millionen Dollar Bruttoerl枚s einbrachte.
- Resultierender Besitz: Direkte Beteiligungen verringern sich von 55.913 auf 55.125 Aktien (-788 Aktien, ca. -1,4%). Der verbleibende Optionsbestand betr盲gt 13.897 Aktien.
Die Transaktion wirkt routinem盲脽ig und vorgeplant; obwohl Insider-Verk盲ufe mit Vorsicht betrachtet werden, mildern die geringe prozentuale Reduzierung und die gleichzeitige Aus眉bung der Optionen negative Interpretationen.
FAQ
How many Verisk (VRSK) shares did CIO Nicholas Daffan sell?
What options did Daffan exercise in the Form 4 filing?
How many VRSK shares does the CIO now own?
Was the share sale part of a 10b5-1 trading plan?
Is the transaction material to Verisk investors?
