Gary Vogel - Jun 23, 2023 Form 4 Insider Report for Eagle Bulk Shipping Inc. (EGLE)

Signature
/s/ Gary Vogel
Stock symbol
EGLE
Transactions as of
Jun 23, 2023
Transactions value $
-$325,735
Form type
4
Date filed
6/27/2023, 09:30 PM
Previous filing
Mar 8, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Sale -$326K -6.5K -4.43% $50.09 140K Jun 23, 2023 Direct F1, 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 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 14, 2023.
F2 Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $50.00 to $50.29. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 range set forth in this footnote.