Gen Digital Inc. (NASDAQ: GEN) disclosed that director Ondrej Vlcek sold 200,000 shares of common stock on August 27, 2026, at a price of $30 per share, totaling $6 million. The transaction was executed pursuant to a prearranged 10b5-1 plan and filed with the SEC on August 28, 2026. Vlcek’s attorney-in-fact, Kathryn White, signed the filing on his behalf.
Following the disposal, Vlcek retains direct ownership of 3,332,904 shares of Gen Digital, with an additional 302,000 shares held indirectly through the Vlcek Family Foundation. The stock price climbed to $31.02 in subsequent trading, approaching the 52-week high of $31.29. Over the past six months, Gen Digital shares have gained 39%.
The insider transaction follows the company’s fiscal first-quarter results, which exceeded expectations. Adjusted earnings per share reached $0.71, surpassing the $0.69 forecast, while revenue totaled $1.34 billion, outpacing the projected $1.27 billion. Revenue grew 11% year-over-year, marking the fastest pace since the company’s inception. Bookings also rose by 11% compared with the prior year. Analysts at InvestingPro have characterized Gen Digital as undervalued based on the company’s fair value assessment.
