UNF UNIFIRST CORP Insider Trading

UniFirst CEO Steven Sintros sold 3,207 shares for $619,088.50 on 2024-11-19, reducing holdings 10.0% to 28.9K shares

On 2024-11-19, Sintros executed 3 separate sales totaling 3,207 shares for $619,088.50 at blended average price $193.04, which is notably below the current price of $200.23 and near the 52-week high of $203.73. UniFirst stock has appreciated 8.8% over 30 days and 6.9% over 90 days, while the company demonstrates solid fundamentals with $603.3M in latest quarterly revenue, $38.1M net income, and 8.7% annual revenue growth at a P/E of 23.36. The sale represents a discretionary 10.0% reduction in his post-transaction holdings of 28.9K shares, executed at prices that now appear undervalued relative to current market levels.

10% owner Ronald D Croatti Trust sells 31,860 shares for $6.2M (blended avg $193.56) across 13 transactions Nov 19-21

The Ronald D Croatti Trust executed 13 separate sales totaling 31,860 shares for $6,166,928.83 between November 19–21, 2024, at prices ranging from $190.05 to $196.65. The trust is a significant 10% owner, and the post-transaction holdings show zero equity shares—however, the Form 4 FLAG indicates this is a derivative-conversion transaction, meaning the trust likely maintains exposure through derivative securities in Table II (not yet populated in the database), and the shares sold represent conversion of those derivatives rather than a complete position exit. UNF trades near $196.07 (within 3.8% of its 52-week high of $203.73) after a +4.7% 90-day advance, and the company shows solid fundamentals: $603.3M quarterly revenue, +8.7% annual growth, and a P/E of 22.88. The timing of these sales near the stock's 52-week highs and within a strong price-momentum window is factually observable; the pattern and scale warrant review to confirm the derivative exposure level and understand the true economic impact on the trust's stake.

10% owner Levenstein sold 9,767 shares of UNF at $153.46 (−16.7% of holdings); stock down 15.4% from 52-week high.

Levenstein, a 10% owner, executed a sale of 9,767 shares at $153.46 on 2024-06-21, reducing her stake from 58,325 to 48,558 shares. The transaction occurred as UNF is trading 15.4% below its 52-week high of $185.42 and has declined 6.2% over the past 90 days. Her prior trading history at UNF shows four recent sales (three on 2024-06-03 and one on 2024-06-04, and one on 2024-06-20), indicating a sustained pattern of liquidation over a narrow timeframe in early-to-mid June. While UNIFIRST maintains solid fundamentals—11.6% annual revenue growth, a market cap of $3.1B, and net income of $20.5M in the latest quarter—the concentrated selling activity by a major shareholder over consecutive days warrants attention as a signal of significant portfolio repositioning.

10% owner Levenstein Cecelia sold 9,733 shares of UNF at $153.29 on 2024-06-20 for $1,491,971.57

Levenstein Cecelia, a 10% owner, sold 9,733 shares of UNIFIRST CORP at $153.29, reducing her holdings by 14.3% to 58,325 shares post-transaction. The stock has since declined 17.3% from its 52-week high and 7.7% over the past 30 days. This sale occurs within a pattern of four prior sales at this ticker completed in June 2024, with the most recent sale on 2024-06-21 immediately following this transaction. No measurable outcomes are yet available for any of these June trades. The company fundamentals remain solid with $590.7M quarterly revenue, 11.6% annual growth, and a P/E of 26.59, though recent price action suggests market reassessment may be underway.