Lasse Petterson - Aug 23, 2024 Form 4 Insider Report for Great Lakes Dredge & Dock CORP (GLDD)

Signature
/s/Vivienne R. Schiffer, by Power of Attorney
Stock symbol
GLDD
Transactions as of
Aug 23, 2024
Transactions value $
-$687,669
Form type
4
Date filed
8/26/2024, 06:55 PM
Previous filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLDD Common Stock Sale -$422K -46.5K -4.76% $9.08 931K Aug 23, 2024 Direct F1, F2
transaction GLDD Common Stock Sale -$265K -28.7K -3.08% $9.24 902K Aug 26, 2024 Direct F1, F3
holding GLDD Common Stock 902K Aug 23, 2024 Direct
* 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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2024.
F2 Represents the weighted average price. The shares were sold in multiple transactions ranging from $9.00 to $9.19, inclusive. Upon request by the Commission staff, the issuer or security holder of the issuer, the reporting person will provide information regarding the number of shares disposed at each separate price.
F3 Represents the weighted average price. The shares were sold in multiple transactions ranging from $9.09 to $9.39, inclusive. Upon request by the Commission staff, the issuer or security holder of the issuer, the reporting person will provide information regarding the number of shares disposed at each separate price.