Everpure Chief Visionary Officer John Colgrove Sells $30.85M in Class A Shares Under Rule 10b5-1 Plan
Everpure, Inc.
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Filing Summary
š¢ Insider Transaction Alert: Everpure, Inc. (NYSE: P)
Insider: John Colgrove (Chief Visionary Officer & Director) Filing Date: October 14, 2026 Transaction Dates: October 12ā13, 2026
š¹ Transaction Type: Open Market Sale (Rule 10b5-1) š¹ Shares Sold: 200,000 shares š¹ Weighted Average Price: ~$154.26 š¹ Total Proceeds: ~$30,852,830 š¹ Remaining Ownership: ~10,791,003 shares (Direct & Indirect)
Note: Sales were executed via irrevocable trusts and a charitable remainder trust pursuant to a Rule 10b5-1 trading plan established on January 8, 2026.
Comprehensive Analysis
Executive Summary
On October 14, 2026, John Colgrove, Chief Visionary Officer and Director of Everpure, Inc. (Ticker: P), reported the sale of 200,000 shares of Class A Common Stock across October 12 and October 13, 2026. The dispositions totaled approximately $30.85 million at weighted-average prices ranging from $151.37 to $157.05 per share.
All dispositions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on January 8, 2026.
Transaction Breakdown
-
The EEC Irrevocable Trust (October 12, 2026):
- Sold 50,000 shares in four weighted-average price tranches ($152.23, $153.14, $154.13, and $154.99).
- Proceeds: ~$7,686,672.
- Post-transaction trust holding: 2,415,000 shares.
-
The RWC Irrevocable Trust (October 12, 2026):
- Sold 50,000 shares in five price tranches ($152.11 to $155.54).
- Proceeds: ~$7,686,628.
- Post-transaction trust holding: 2,415,000 shares.
-
Charitable Gift & Trust Sale (October 13, 2026):
- Gifted 100,000 shares directly owned to The Colgrove Family Charitable Remainder Trust (CRT).
- The CRT subsequently sold all 100,000 shares across seven price tranches ranging from $151.37 to $157.05.
- Proceeds: ~$15,479,530.
- Post-transaction CRT holding: 0 shares.
Ownership Structure Post-Transaction
Following these transactions, John Colgrove retains substantial direct and indirect beneficial ownership across multiple vehicles:
- Direct Ownership: 5,493,309 shares
- The EEC Irrevocable Trust: 2,415,000 shares
- The RWC Irrevocable Trust: 2,415,000 shares
- Colgrove Family Living Trust: 467,694 shares
- Total Beneficial Ownership: 10,791,003 shares
Significance & Market Context
- Trading Significance: Medium
- While the dollar amount is significant ($30.85M), the 200,000 shares sold represent less than 2% of Colgrove's total reported holdings (~10.79M shares).
- Because the sales were carried out under a pre-established Rule 10b5-1 plan established in January 2026, along with estate and charitable planning structures (irrevocable trusts and a CRT), the transactions reflect structured liquidity and estate management rather than a discretionary market-timing decision.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
