4
Featured
Impact 6/10
Insider Transaction
$LYV · Live Nation Entertainment, Inc.
Summary
Form 4 shows President & CEO Michael Rapino exercised 195,578 options at $29.03 (total $5.68M) and sold the same number of shares across three transactions at $180.19–$182.11, realizing $35.4M. He retains 4,188,167 direct shares. Not a 10b5-1 plan.
Key points
- Rapino exercised 195,578 options at $29.03, worth $5.68M.
- Sold 195,578 shares for $35.4M at prices from $180.19 to $182.11.
- Retains 4,188,167 direct shares after the sales.
- Transactions were not executed under a 10b5-1 plan.
Insider transaction
InsiderRapino Michael (President & CEO)
Actionsale
Shares195,578 total (91,500; 37,153; 66,925)
Price$181.03 weighted avg ($180.19; $181.16; $182.11)
Total value$35,405,734.23 ($16,487,385.00; $6,730,637.48; $12,187,711.75)
Owned after4,188,167 Direct (4,292,245 after Sale 1; 4,255,092 after Sale 2; 4,188,167 after Sale 3)
Market impact
Stock is down 0.24% since filing at $178.70; routine CEO option exercise and sale, modestly bearish signal.
Why this matters
A CEO's $35.4M non-10b5-1 sale is a notable insider-confidence signal despite his large remaining stake.
Sector context
_Not applicable._
Risk factors
CEO selling outside a 10b5-1 plan may signal reduced insider confidence.
Related tickers
Related & recent SEC filings