4
Featured
Impact 6/10
Insider Transaction
$LYV · Live Nation Entertainment, Inc.
Summary
Form 4 shows President & CFO Joe Berchtold exercised 93,537 options at $29.03 (total $2.72M) and sold the resulting shares in three tranches at $178.21, $179.06, and $180.03, totaling $16.73M. He retains 901,617 direct shares after the transactions. The sales were not executed under a 10b5-1 plan.
Key points
- CFO exercised 93,537 options at $29.03, a cost basis far below the sale prices.
- Total sale proceeds were $16.73M across three same-day transactions.
- Post-sale direct ownership is 901,617 shares.
- Sales were not made under a 10b5-1 trading plan.
Insider transaction
InsiderBerchtold Joe (President & CFO)
Actionsale
Shares93,537 total (35,688; 47,379; 10,470)
Price$178.84 weighted avg ($178.21; $179.06; $180.03)
Total value$16,728,556.32 ($6,359,958.48; $8,483,683.74; $1,884,914.10)
Owned after901,617 Direct (959,466 after Sale 1; 912,087 after Sale 2; 901,617 after Sale 3)
Market impact
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Why this matters
A CFO monetizing $16.7M of low-cost options outside a 10b5-1 plan is a notable, if routine, insider-sale signal.
Sector context
_Not applicable._
Risk factors
Non-10b5-1 officer sale may signal reduced insider confidence, though option exercise at a low strike is common compensation monetization.
Related tickers
Related & recent SEC filings