Form 4: Christopher G. McCann Reports Changes in Beneficial Ownership of 1-800 FLOWERS.COM INC

Christopher G. McCann, a director and 10% owner of 1-800 FLOWERS.COM INC, reported changes in beneficial ownership due to tax withholding upon vesting of restricted shares.

Summary

• Christopher G. McCann, a director and 10% owner of 1-800 FLOWERS.COM INC [FLWS], filed a Form 4 on November 12, 2024, reporting changes in beneficial ownership.
• The earliest transaction date reported was November 8, 2024.
• The reported transaction involved the disposition of 7,836 shares of Class A Common Stock at a price of $9 due to tax withholding upon the vesting of restricted shares.
• Following the transaction, McCann directly owns 392,769 shares of Class A Common Stock.
• McCann also indirectly owns shares through a Grantor Retained Annuity Trust and as custodian for his son, totaling 526,136 shares.
• The filing indicates that the transaction is exempt under Section 16(b) of the Exchange Act.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and is a standard practice in compliance with SEC regulations.

Key Dates