Kyle Robert Miller - 14 Jul 2023 Form 4 Insider Report for SeaWorld Entertainment, Inc. (PRKS)

Signature
/s/ Jeffrey Schwartz, Power of Attorney
Issuer symbol
PRKS
Transactions as of
14 Jul 2023
Net transactions value
-$55,120
Form type
4
Filing time
17 Jul 2023, 16:00:08 UTC
Previous filing
15 May 2023
Next filing
14 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAS Common Stock Sale $55,120 -1,000 -3.2% $55.12 30,709 14 Jul 2023 Direct F1
* 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 the Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on June 12, 2023.

Remarks:

Title: Chief Park Operations Officer - Florida Parks