Linda T. Hollembaek, a director at Manhattan Associates, Inc., has sold 1,315 shares of the company’s common stock in a transaction valued at approximately $328,750. This sale, reported in a recent SEC filing, highlights Hollembaek's ongoing involvement with the firm and may impact investor perceptions of the company.

Background

Manhattan Associates, Inc. is a company that specializes in prepackaged software solutions, operating under the SIC code 7372. The company is incorporated in Georgia and is listed on NASDAQ. Hollembaek has been actively involved in the company, as indicated by her recent filings.

What the Filing Says

The SEC filing, dated November 3, 2026, details that Hollembaek sold 1,315 shares, with an aggregate market value of $328,750. The shares were sold on the same date, and the filing indicates that these shares were acquired through restricted stock vesting under a registered plan.

Impact

This transaction may affect investor sentiment regarding Manhattan Associates, particularly as it reflects the actions of a director. Insider sales can often influence perceptions of a company’s stability and future prospects.

What's Next

The filing does not say what happens next.

Additional Details from the Filing

The SEC filing reveals that Linda T. Hollembaek acquired the shares she sold through restricted stock vesting under a registered plan. Specifically, she acquired 161 shares on May 12, 2022, and 1,154 shares on May 13, 2025, both as compensation for services rendered. This indicates her long-term commitment to the company and suggests that her recent sale was part of a planned strategy rather than an urgent liquidity need.

Recent Transactions

In addition to the recent sale of 1,315 shares, Hollembaek sold 1,579 shares on August 6, 2026, generating gross proceeds of approximately $299,820.68. This pattern of selling shares could indicate a systematic approach to managing her holdings in Manhattan Associates, which may be of interest to investors monitoring insider activities.

Company Information

Manhattan Associates, Inc. operates in the prepackaged software sector and is incorporated in Georgia. The company has a fiscal year ending on December 31 and is publicly traded on NASDAQ under the ticker symbol associated with its SEC file number 000-23999. The business address for Manhattan Associates is 2300 Windy Ridge Parkway, Tenth Floor, Atlanta, GA 30339.

Brokerage Details

The shares sold by Hollembaek were facilitated through Morgan Stanley Smith Barney LLC Executive Financial Services, indicating a reputable brokerage firm was involved in the transaction, which may lend additional credibility to the sale.

What the Filing Does Not Include

The filing does not provide information on Hollembaek's future plans regarding her remaining shares or any potential impact on her role as a director at Manhattan Associates. Additionally, there is no mention of any upcoming company announcements or financial results that could relate to her decision to sell shares.