Form 4: 22nd Century Group CEO Lawrence Firestone Acquires 9,000 Shares
SEC Filing
Lawrence Firestone, CEO of 22nd Century Group, purchased 9,000 shares of common stock at a price of $1.0921 per share on May 30, 2024.
Summary
- On May 30, 2024, Lawrence Firestone, the CEO of 22nd Century Group, acquired 9,000 shares of the company's common stock.
- The purchase price was $1.0921 per share.
- Following the transaction, Firestone directly owns 15,250 shares of 22nd Century Group.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is generally seen as a positive sign, but without additional context, it's difficult to gauge the overall impact.
Positives
- The CEO's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often monitored by investors as an indicator of management's confidence in the company's prospects. It's a common practice and is regulated to prevent illegal insider trading.
Stakeholder Impact
- The CEO's share purchase may positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/30/2024 | Date of transaction: Lawrence Firestone purchased 9,000 shares of XXII common stock. |
Keywords
Form 4, insider trading, share purchase, Lawrence Firestone, 22nd Century Group, XXII, CEO
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