Bentley Sheldon Richard has filed a Form 4 with the SEC, reporting the sale of 1,500 shares of Cloudastructure, Inc. on October 21, 2026. This sale is significant as it demonstrates the founder's ongoing engagement with the company's stock, potentially influencing market perceptions.
Cloudastructure, Inc. is classified under the SIC code for services related to computer programming and data processing. The company operates in a competitive environment where technology firms are continuously evolving and adapting to market demands.
According to the filing, the shares were sold at a weighted average price of $2.19, with individual transaction prices ranging from $2.16 to $2.23. The filing states, "All sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 1, 2026." Following this transaction, Richard holds a total of 3,667 shares in Cloudastructure.
This transaction may affect investor sentiment, particularly among those closely monitoring insider activities. Richard's role as a founder adds a layer of significance to his trading decisions, which could be interpreted as a signal regarding the company's performance.
The filing does not specify what actions may follow this transaction, leaving some uncertainty regarding future developments.
Details of the Transaction
The filing indicates that the transaction involved the sale of Class A Common Stock, specifically 1,500 shares, which were executed under a Rule 10b5-1 trading plan. This plan was adopted by Richard on September 1, 2026, suggesting a pre-determined strategy for managing his stock holdings.
The range of prices at which the shares were sold varied from $2.16 to $2.23, with a weighted average price of $2.19 reported. This detail illustrates the volatility and trading activity surrounding Cloudastructure's stock during this period.
Company Information
Cloudastructure, Inc., incorporated in Delaware, operates within the services sector, specifically focusing on computer programming and data processing. The company's fiscal year ends on December 31, and its business address is located at 3000 El Camino Real, Bldg 4, Suite 200, Palo Alto, CA 94306.
The filing does not provide additional insights into the company's current financial performance or strategic initiatives that may impact future stock performance.