Stride Director Haggart Buys $17.6 Million of LRN Stock
Dylan Haggart bought 228,057 Stride shares in seven purchases from Oct. 30 to Nov. 3, at prices from $74.07 a share. A Form 4 filed Nov. 3 lists each one.
Stride, Inc. currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Dylan G. Haggart, a director of Stride, Inc. (LRN), reported buying 228,057 shares of common stock for about $17.6 million, according to a Form 4 filed Nov. 3. The filing lists seven purchases dated from Oct. 30 to Nov. 3, at an average of $77.06 a share. The lowest price on any line was $74.07 and the highest was $78.51.
A Form 4 is the report that officers, directors and holders of more than 10% of a company's stock must file within two business days of a trade in its shares. These purchases carry transaction code P, which marks an open-market or private purchase paid for by the insider, as opposed to grants, option exercises or purchases under an employee plan. None of the purchases was made under a Rule 10b5-1 plan.
The Oct. 30 purchase was 50,000 shares at $78.33, worth about $3.9 million. On Nov. 2 he bought 75,000 shares at $77.01 and 50,000 shares at $77.23; a further 12,500 shares at $77.30 carries the same date. The Nov. 3 purchases were 31,357 shares at $75.04, about $2.4 million, and 5,000 shares at $74.07.
Every line is reported as an indirect holding. Haggart's indirect holding stood at 1,899,703 shares before the first purchase and 2,127,760 after the last, a 12% increase in that holding. From first purchase to last, the new filing covers 4 days.
Haggart had been buying before this filing. Between July 23 and the Nov. 1 cutoff for earlier filings, four open-market purchases by Stride insiders were on file, worth about $12.2 million. All four were Haggart's; he was the only buyer in that window, and no open-market sales were filed. The largest of those earlier purchases came on Oct. 26, when he bought 90,856 shares for about $7.1 million. On Oct. 23 he bought 59,188 shares for about $4.7 million. His last earlier purchase was dated Oct. 27, 3 days before the first purchase in the new filing.
The Oct. 30 purchase was filed four calendar days later, or two weekdays. The Nov. 2 purchases were filed one day after the trade date, and the Nov. 3 purchases were filed the same day.
Written by a large language model from primary sources linked in the article: AlphaScala's structured filing data (SEC Form 4 / STOCK Act / 13F / CFTC records) or an official release (central bank, BLS, EIA or SEC). Every figure is checked automatically against those sources before publication. Not investment advice.