Gail Mandel - Apr 28, 2023 Form 4 Insider Report for Sabre Corp (SABR)

Role
Director
Signature
/s/ Steve Milton, as attorney-in-fact for Gail Mandel
Stock symbol
SABR
Transactions as of
Apr 28, 2023
Transactions value $
-$25,876
Form type
4
Date filed
5/2/2023, 04:04 PM
Previous filing
Apr 27, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SABR Common Stock Sale -$23K -5.85K -6.2% $3.94 88.4K Apr 28, 2023 Direct F1, F2
transaction SABR Common Stock Sale -$2.84K -715 -0.81% $3.97 87.7K May 1, 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 transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan initially adopted on August 4, 2021 by the Reporting Person and was effected in connection with the Reporting Person's tax obligations upon the vesting of previously granted shares of restricted stock units.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.91 to $3.99, inclusive. The Reporting Person undertakes to provide to Sabre Corporation, any security holder of Sabre Corporation, 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 this footnote to this Form 4.