Lou Paglia - Jul 12, 2024 Form 4 Insider Report for Sterling Check Corp. (STER)

Role
Mr. Paglia is the President and Chief Operating Officer of Sterling Check Corp.
Signature
/s/ Steven L. Barnett, Attorney-in-Fact for Lou Paglia
Stock symbol
STER
Transactions as of
Jul 12, 2024
Transactions value $
-$217,259
Form type
4
Date filed
7/16/2024, 04:10 PM
Previous filing
Jul 12, 2024
Next filing
Aug 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STER Common Stock Options Exercise $212K +21.9K +3.54% $9.68 640K Jul 12, 2024 Direct
transaction STER Common Stock Sale -$333K -21.9K -3.42% $15.19 618K Jul 12, 2024 Direct F1
transaction STER Common Stock Options Exercise $129K +13.3K +2.15% $9.68 632K Jul 15, 2024 Direct
transaction STER Common Stock Options Exercise $41.1K +4.24K +0.67% $9.68 636K Jul 15, 2024 Direct
transaction STER Common Stock Sale -$266K -17.5K -2.76% $15.19 618K Jul 15, 2024 Direct F1, F2

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 -21.9K -62.26% $0.00 13.3K Jul 12, 2024 Common Stock 21.9K $9.68 Direct F3
transaction STER Employee Stock Option (Right to Buy) Options Exercise $0 -13.3K -100% $0.00* 0 Jul 15, 2024 Common Stock 13.3K $9.68 Direct F3
transaction STER Employee Stock Option (Right to Buy) Options Exercise $0 -4.24K -1.67% $0.00 249K Jul 15, 2024 Common Stock 4.24K $9.68 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 was effected pursuant to a Rule 10b5-1 Plan adopted by Mr. Paglia on June 20, 2023.
F2 This transaction was executed in multiple trades with sales prices ranging from $15.00 to $15.25. The price reported above reflects the weighted average sales price.
F3 These options are fully vested.

Remarks:

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