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

Signature
/s/ Matthew Meziere as attorney-in-fact
Issuer symbol
BLBD
Transactions as of
13 Dec 2023
Net transactions value
-$492,275
Form type
4
Filing time
15 Dec 2023, 10:56:27 UTC
Previous filing
12 Dec 2023
Next filing
23 Feb 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 $39,672 -1,819 -1.5% $21.81 118,593 13 Dec 2023 Direct F1
transaction BLBD Common Stock, par value $0.0001 Tax liability $64,252 -2,946 -2.5% $21.81 115,647 13 Dec 2023 Direct F2
transaction BLBD Common Stock, par value $0.0001 Sale $388,350 -15,000 -13% $25.89 100,647 14 Dec 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.