Robert D. Bates - Mar 25, 2024 Form 4 Insider Report for Legacy Housing Corp (LEGH)

Signature
/s/ Robert D. Bates
Stock symbol
LEGH
Transactions as of
Mar 25, 2024
Transactions value $
$99,998
Form type
4
Date filed
3/28/2024, 05:58 PM
Previous filing
Oct 6, 2023
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEGH Common Stock, par value $0.001 per share ("Common Stock") Options Exercise $100K +6.25K +30.06% $16.01 27K Mar 25, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LEGH Stock Option Options Exercise $0 -6.25K -10% $0.00 56.2K Mar 25, 2024 Common Stock 6.25K $16.01 Direct F1, 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 Represents the date on which the plan administrator notified the reporting person that the transaction had been executed.
F2 Represents shares of Common Stock received upon exercise of a stock option grant.
F3 The shares of Common Stock vest and become exercisable in equal annual 10% increments during the ten-year period commencing on June 7, 2022 and ending on June 7, 2032.