Julie Marie O'Daniel - Aug 31, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
CLO and Corp. Secy
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Aug 31, 2023
Transactions value $
-$68,320
Form type
4
Date filed
9/1/2023, 04:10 PM
Previous filing
Aug 14, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Sale -$68.3K -2K -12.32% $34.16 14.2K Aug 31, 2023 Direct F1
holding VVV Common Stock 3.04K Aug 31, 2023 By 401(k) Plan 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 Transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on May 31, 2023.
F2 Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock on the Transaction Date.