Razvan Radulescu - Dec 13, 2023 Form 4 Insider Report for Blue Bird Corp (BLBD)

Signature
/s/ Matthew Meziere as attorney-in-fact
Stock symbol
BLBD
Transactions as of
Dec 13, 2023
Transactions value $
-$492,275
Form type
4
Date filed
12/15/2023, 10:56 AM
Previous filing
Dec 12, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLBD Common Stock, par value $0.0001 Tax liability -$39.7K -1.82K -1.51% $21.81 119K Dec 13, 2023 Direct F1
transaction BLBD Common Stock, par value $0.0001 Tax liability -$64.3K -2.95K -2.48% $21.81 116K Dec 13, 2023 Direct F2
transaction BLBD Common Stock, par value $0.0001 Sale -$388K -15K -12.97% $25.89 101K Dec 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 This transaction represents shares withheld on 12/13/2023 to satisfy payroll tax withholding obligations related to restricted stock units that vested on 12/11/2023.
F2 This transaction represents shares withheld on 12/13/2023 to satisfy payroll tax withholding obligations related to restricted stock units that vested on 12/12/2023.
F3 This price is a weighted average price resulting from shares sold in multiple transactions on 12/14/23, pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 09/14/2023, at prices ranging from $25.60 to $26.10, inclusive.