SEM Vice Chairman David Chernow Sells $1.9M of Stock
David Chernow, SEM's Vice Chairman, sold shares worth $1.87 million amid other insider transactions.
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David Chernow, VICE CHAIRMAN at Sem ($SEM), sold 113,421 shares at an average price of $16.50, worth about $1.87 million, on June 30, 2026. The trade was reported to the SEC in a Form 4 filing.
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Key Points
- On June 30, 2026, David Chernow sold 113,421 shares of SEM valued at $1,871,446.50 as the stock traded at $16.51.
- This sale is part of a larger trend, with other executives also selling significant amounts of SEM shares on the same day.
- The company has a market cap of about $2.05 billion, reflecting its standing in the market.
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Chernow's Significant Sale
David Chernow, the Vice Chairman of SEM, sold 113,421 shares on June 30, 2026, for a total value of $1,871,446.50. The shares were sold at a price of $16.50 each. This sale comes as SEM has a market capitalization of about $2.05 billion, indicating its presence in the market.
Other Insiders Follow Suit
Chernow's sale is notable amid a flurry of insider transactions on the same day. Thomas Mullin, the CEO, sold 391,709 shares, while Parvinderjit Khanuja offloaded 79,124 shares valued at approximately $1.31 million. John Hollenbach, the Executive Vice President, sold 135,084 shares, and Michael Malatesta, the CFO, sold 238,057 shares. Additionally, Senior Vice President Breighner Robert JR sold 16,334 shares, and Thomas Scully sold 103,424 shares valued at about $1.71 million. These transactions suggest a broader trend among SEM's executives, reflecting their recent decisions regarding the company's stock.
Stock Performance Context
On the day of Chernow's sale, SEM shares traded at $16.51. This price point is significant as it provides context to the insider selling. The stock's performance and the volume of insider transactions may signal various strategic moves within the company. Investors will be watching closely to see how these sales impact SEM's market perception and performance going forward.
What SEM Does
SEM is involved in providing various services that cater to its clients' needs. The recent insider transactions might hint at management's outlook on the company's future performance and market conditions. As these executives sell shares, it raises questions about their confidence in SEM's upcoming plans.
What to Watch at SEM
As SEM continues to navigate its market landscape, upcoming earnings reports and further insider transactions will be crucial to understanding its trajectory. The 13F filings reflect past decisions and may not represent the current positions of these insiders. Investors should keep an eye on future filings and any developments within the company.
Related Filing Alerts
Source: David Chernow'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