Patricia Q. Olsem - Jun 14, 2023 Form 4 Insider Report for WD 40 CO (WDFC)

Signature
Phenix Q. Kiamilev, as attorney-in-fact for Patricia Q. Olsem
Stock symbol
WDFC
Transactions as of
Jun 14, 2023
Transactions value $
-$84,000
Form type
4
Date filed
6/16/2023, 09:38 AM
Previous filing
Feb 3, 2023
Next filing
Oct 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDFC Common Stock Sale -$84K -420 -15.31% $200.00 2.32K Jun 14, 2023 By Trust F1, F2
holding WDFC Common Stock 2.5K Jun 14, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sales transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 7, 2022.
F2 Under the 2007 Olsem Family Trust, the reporting person shares voting power and investment discretion with her spouse.
F3 Total includes: (i) 539 shares of restricted Common Stock received upon settlement of performance share units or PSUs, (ii) 1,870 unvested RSUs, and (iii) 89 vested deferred performance units or DPUs, which are Common Stock equivalents.