Patrick Justin K sold $994K of ITRI
Patrick Justin K (SVP, Device Solutions) sold 10,210 shares of ITRON, INC. (ITRI) at $97.36 ($0.99M total) across 4 trades on 2026-09-03 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosed sale reduces insider ownership, which may be interpreted as a bearish cue by traders.
Market read
While the transaction is not large enough to drive major price moves, it offers a data point for short-term sentiment.
What to watch
Potential upcoming product launches or earnings could offset the sale impact.
Background
Form 4 filings provide the first public disclosure of insider transactions.
Ticker impact
SVP Patrick Justin K sold 10,210 shares for $994k via a 10b5-1 plan, reducing his stake to 22,065 shares.
Possible modest downside of 1-2% in the next few days.
The sale is sizable for an insider but below material thresholds; market may view it as a slight negative cue.
Market effects
Minimal impact on the broader IoT/utility metering sector.
Limited to U.S. investors tracking Itron.
Low
Counterpoint
The sale could be routine portfolio rebalancing, not a negative signal.
Key entities
- OfficerPatrick Justin K
SVP, Device Solutions at Itron, Inc.


