Walter S. Woltosz - Apr 26, 2023 Form 4 Insider Report for Simulations Plus, Inc. (SLP)

Signature
/s/ Daniel Hoeft, attorney-in-fact for Walter S. Woltosz and Virginia E. Woltosz
Stock symbol
SLP
Transactions as of
Apr 26, 2023
Transactions value $
-$830,441
Form type
4
Date filed
4/27/2023, 05:16 PM
Previous filing
Mar 30, 2023
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLP Common Stock Sale -$742K -17.9K -0.46% $41.45 3.88M Apr 26, 2023 Direct F1, F2, F3
transaction SLP Common Stock Sale -$88K -2.09K -0.05% $42.14 3.88M Apr 26, 2023 Direct F1, F2, F4
* 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 sales reported in this Form 4 were effected automatically pursuant to a Rule 10b5-1 plan adopted by the reporting persons.
F2 These shares were sold in multiple transactions at prices falling within those ranges set forth in footnotes (3) and (4) of this Form 4. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the relevant footnotes.
F3 These shares were sold in multiple transactions at prices ranging from $41.01 to $41.99, inclusive.
F4 These shares were sold in multiple transactions at prices ranging from $42.02 to $42.56, inclusive.