Kodiak Gas (NYSE: KGS) COO sells 1,000 shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kodiak Gas Services Executive Vice President & COO William Chad Lenamon reported an open-market sale of 1,000 shares of Common Stock at $67.79 per share. After this transaction, he directly holds 90,918 shares of Kodiak Gas Services common stock.
The sale was executed pursuant to a Rule 10b5-1 trading plan adopted March 13, 2026, indicating it was pre-arranged. The filing also reports 1,100 shares of common stock held indirectly through his son, correcting earlier filings that had omitted this indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,000 shares ($67,790)
Net Sell
2 txns
Insider
Lenamon William Chad
Role
Executive Vice President & COO
Sold
1,000 shs ($68K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $67.79 | $68K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 90,918 shares (Direct, null);
Common Stock — 1,100 shares (Indirect, By son)
Footnotes (1)
- This transaction is pursuant to a 10b5-1 trading plan adopted March 13, 2026. Table I of the Form 4 filings filed January 7, 2026 and March 10, 2026 inadvertently omitted the indirect holdings of the Issuer's Common Stock reflected in Table I of this Form 4.
Key Figures
Shares sold: 1,000 shares
Sale price: $67.79 per share
Direct holdings after sale: 90,918 shares
+2 more
5 metrics
Shares sold
1,000 shares
Open-market sale on June 11, 2026
Sale price
$67.79 per share
Price for 1,000-share open-market transaction
Direct holdings after sale
90,918 shares
Common Stock directly owned following the transaction
Indirect holdings by son
1,100 shares
Common Stock held indirectly through son, reported in Table I
10b5-1 plan adoption date
March 13, 2026
Rule 10b5-1 trading plan governing the reported sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, indirect holdings, Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction is pursuant to a 10b5-1 trading plan adopted March 13, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale of 1,000 shares at $67.79 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect holdings financial
"inadvertently omitted the indirect holdings of the Issuer's Common Stock reflected in Table I"
Common Stock financial
"indirect holdings of the Issuer's Common Stock reflected in Table I of this Form 4"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Kodiak Gas Services (KGS) report for William Chad Lenamon?
Kodiak Gas Services reported that Executive Vice President & COO William Chad Lenamon sold 1,000 shares of Common Stock. The shares were sold in an open-market transaction at $67.79 per share, and the trade was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Kodiak Gas Services (KGS) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transaction was made pursuant to a Rule 10b5-1 trading plan adopted March 13, 2026. Such plans pre-schedule trades, indicating the timing of this 1,000-share sale was determined in advance rather than chosen opportunistically.
What indirect Kodiak Gas Services (KGS) holdings are reported for the COO?
The filing reports 1,100 shares of Kodiak Gas Services Common Stock held indirectly through William Chad Lenamon’s son. It notes that prior Form 4 filings from January 7, 2026 and March 10, 2026 had inadvertently omitted this indirect ownership detail.
Did the Kodiak Gas Services (KGS) filing correct any previous insider ownership disclosures?
Yes. The document explains that earlier Form 4 filings on January 7, 2026 and March 10, 2026 inadvertently omitted the 1,100 indirectly held shares. This filing updates Table I to include those shares held through the reporting person’s son.