Insperity Inc. (NYSE: NSP) saw its shares rise 4.9% in after-hours trading on Thursday after Chairman and Chief Executive Officer Paul J. Sarvadi acquired 233,000 shares of the company’s common stock.
Details of the purchase appear in a Form 4 filing with the Securities and Exchange Commission. The filing states the acquisition took place on June 3 at a weighted average price of $34.05 per share. The specific per-share prices in the block of trades ranged from $33.51 to $34.45.
After the transaction, Sarvadi's stake includes 1,105,912 shares held indirectly through Our Ship Limited Partnership, Ltd., where he is listed as General Partner. He also retains direct ownership of 699,670 shares.
Based on the weighted average price disclosed in the filing, the share purchase represents an outlay of roughly $7.9 million by the company’s top executive.
About the company
Insperity provides human resources and business solutions tailored to small and medium-sized businesses. The company’s service offerings include payroll processing, benefits administration and workforce optimization.
Market reaction and context
The after-hours uptick followed the disclosure of the insider purchase. The Form 4 filing is the source of the transaction specifics - the date, the number of shares, the weighted average price and the recorded price range. The filing also clarifies Sarvadi’s combined indirect and direct holdings following the acquisition.
The purchase and subsequent stock movement were the sole corporate developments reported in the filing; the document does not provide additional operational or strategic commentary from management.
What is known and what is not
- The filing confirms the exact number of shares bought, the date of purchase and the price range for the trades.
- The filing documents Sarvadi’s ownership structure, including indirect holdings through Our Ship Limited Partnership, Ltd. and his direct share count.
- The filing does not disclose motives for the purchase, any planned follow-on transactions or changes to company strategy linked to the purchase.