Lou Paglia - Jun 5, 2024 Form 4 Insider Report for Sterling Check Corp. (STER)

Signature
/s/ Steven L. Barnett, Attorney-in-Fact for Lou Paglia
Stock symbol
STER
Transactions as of
Jun 5, 2024
Transactions value $
-$1,260
Form type
4
Date filed
6/7/2024, 04:14 PM
Previous filing
Mar 18, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STER Common Stock Options Exercise $1.88K +200 +0.03% $9.39 619K Jun 5, 2024 Direct
transaction STER Common Stock Sale -$3.14K -200 -0.03% $15.69 618K Jun 5, 2024 Direct F1

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 STER Employee Stock Option (Right to Buy) Options Exercise $0 -200 -0.57% $0.00 35.1K Jun 5, 2024 Common Stock 200 $9.39 Direct F2
* 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 was effected pursuant to a Rule 10b5-1 Plan adopted by Mr. Paglia on June 20, 2023.
F2 These options are fully vested.

Remarks:

Mr. Paglia is the President and Chief Operating Officer of Sterling Check Corp.