SEM Executive Chairman Robert Ortenzio Sells 8,923,033 Shares
Executive Chairman Robert Ortenzio sold a significant number of shares of SEM on June 30, 2026.
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Robert Ortenzio, EXECUTIVE CHAIRMAN at Sem ($SEM), sold 8,923,033 shares on June 30, 2026. The trade was reported to the SEC in a Form 4 filing.
SEM
Sem
Key Points
- On June 30, 2026, Robert Ortenzio sold 8,923,033 shares of SEM, valued at $147.0 million based on a trading price of $16.51.
- This sale comes amid a series of insider transactions at SEM, including significant sales by the CEO and other executives on the same day.
- SEM has a market cap of approximately $2.05 billion, indicating its standing in the market as it navigates these insider trades.
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Major Insider Sale at SEM
On June 30, 2026, Robert Ortenzio, the Executive Chairman of SEM, sold 8,923,033 shares of the company, valued at about $147.0 million based on a trading price of $16.51. This transaction was part of a broader pattern of insider selling at SEM on the same day.
Other Insiders Follow Suit
Ortenzio's sale is notable, but he wasn't the only one. On the same day, Thomas Mullin, SEM's CEO, sold 391,709 shares. Parvinderjit Khanuja, another insider, sold 79,124 shares for approximately $1.31 million. Executive Vice President John Hollenbach sold 135,084 shares, and CFO Michael Malatesta offloaded 238,057 shares. Additionally, Senior Vice President Breighner Robert Jr. sold 16,334 shares, while Thomas Scully sold 103,424 shares for about $1.71 million. These transactions reflect active trading among SEM's executives, showing a significant amount of shares changing hands.
Stock Performance Context
With SEM trading at $16.51 during these transactions, the stock's price is a key factor in understanding the context of these sales. The stock's performance can influence investor sentiment and market perception, especially with such a substantial number of shares being sold by multiple insiders.
What SEM Does
SEM operates in the healthcare sector, focusing on providing various services. The recent insider trades are significant as they occur during a period of strategic moves within the company, which could impact its future direction and investor confidence.
What to Watch at SEM
As these insider sales unfold, it will be important to monitor SEM's upcoming earnings reports and any further insider transactions. The recent Form 4 filings reflect these trades, but they may not represent current positions. Investors should stay tuned for any updates on the company's performance and strategic initiatives.
Related Filing Alerts
Source: Robert Ortenzio'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