INTEST CORP·4

Mar 11, 4:30 PM ET

Grant Richard N. Jr. 4

Research Summary

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INTEST (INTT) CEO Richard Grant Sells Shares

What Happened
Richard N. Grant Jr., President & CEO and a director of INTEST Corp (INTT), reported two open‑market sales totaling 2,494 shares. On 2026-03-09 he sold 1,097 shares at $13.33 for $14,619, and on 2026-03-11 he sold 1,397 shares at $14.16 for $19,787 — about $34,406 in proceeds. These were sales (not purchases) and were made to satisfy tax withholding tied to restricted stock vesting.

Key Details

  • Transaction dates and amounts:
    • 2026-03-09: Sold 1,097 shares @ $13.33 = $14,619 (S)
    • 2026-03-11: Sold 1,397 shares @ $14.16 = $19,787 (S)
  • Total shares sold: 2,494; total value ≈ $34,406.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnote: Sales were effected to satisfy tax withholding on vested restricted stock and were made pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on December 8, 2023 (F1).
  • The filing also lists outstanding option awards with varying vesting schedules (commencing March 2024, March 6/8/17 2025–2026 and one fully vested) (F2–F6).
  • Filing timeliness: No late filing is indicated based on the provided dates.

Context
Sales to cover tax withholding when restricted stock vests are common and are often executed under pre‑arranged 10b5‑1 plans, which specify trades in advance and help insiders avoid trading on nonpublic information. This filing shows routine tax‑related sales rather than a discretionary open‑market divestiture; it does not, by itself, indicate the insider’s view of the company’s prospects.