SEM Insider Russell Carson Sells 610,035 Shares
Russell Carson sold a substantial amount of SEM shares on June 30, 2026, amidst notable insider activity.
Reviewed by automated data checks against the source filing. How we make and check alerts
Russell Carson sold 610,035 shares of Sem ($SEM) on June 30, 2026. The trade was reported to the SEC in a Form 4 filing.
SEM
Sem
Key Points
- On June 30, 2026, Russell Carson sold 610,035 shares of SEM, valued at approximately $10.1 million based on the trading price of $16.51.
- Other insiders also sold shares on the same day, including CEO Thomas Mullin, who sold 391,709 shares, and CFO Michael Malatesta, who sold 238,057 shares.
- SEM has a market capitalization of about $2.05 billion, indicating its sizeable presence in the market despite the insider selling activity.
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Russell Carson's Significant Sale
On June 30, 2026, Russell Carson sold 610,035 shares of SEM, valued at approximately $10.1 million based on a trading price of $16.51. This sale adds to a wave of insider transactions at SEM on the same day, reflecting various executives' actions in the company.
Other Insiders' Activity
On the same day, several other insiders sold shares of SEM. CEO Thomas Mullin sold 391,709 shares, while CFO Michael Malatesta offloaded 238,057 shares. Additionally, Executive Vice President John Hollenbach sold 135,084 shares, and Senior Vice President Breighner Robert JR sold 16,334 shares. Parvinderjit Khanuja and Thomas Scully also participated in the selling, with Khanuja selling 79,124 shares and Scully selling 103,424 shares, valued at around $1.71 million. These transactions highlight a collective decision among SEM's leadership to sell shares at this time.
How SEM Stock Has Traded
As of June 30, 2026, SEM's shares traded at $16.51. This price is significant as it suggests that the insiders sold shares at a level that has been stable, indicating they may believe it is a good time to take profits. The stock's activity and the volume of trades from insiders might catch the attention of investors and analysts alike, given the company's market capitalization of approximately $2.05 billion.
What SEM Does
SEM is involved in the energy sector, focusing on innovative solutions. The recent insider selling could prompt analysts and investors to consider the company’s future strategies and direction, particularly in light of the executive trades.
What's Ahead for SEM
Investors will likely be watching for more insider activity and any upcoming filings that might shed light on SEM's future performance. The recent sales suggest a moment of reflection for the company's leadership. As always, insider trades provide insights into how executives view their company's valuation. The next earnings report will be crucial for understanding SEM's performance amidst these recent developments.
Related Filing Alerts
Source: Russell Carson's Form 4 filing on $SEM (Jun 30, 2026). Find the original filing: SEM Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts