Form 4: A-Mark Precious Metals Director Michael Wittmeyer Executes Stock Option and Sells Shares
SEC Form 4
Director Michael R. Wittmeyer exercised stock options and sold shares of A-Mark Precious Metals, Inc. on September 19 and 20, 2024.
Summary
- On September 19 and 20, 2024, Michael R. Wittmeyer, a director of A-Mark Precious Metals, Inc., engaged in transactions involving the company's common stock.
- Wittmeyer exercised options to acquire 74,842 shares of common stock at a price of $17.87 per share on September 19, 2024.
- He then sold 67,213 shares on the same day at a weighted average price of $43.9514, with prices ranging from $43.25 to $44.24.
- An additional 7,629 shares were sold on September 19, 2024, at a weighted average price of $44.4024, with prices ranging from $44.29 to $44.435.
- On September 20, 2024, Wittmeyer exercised options to acquire 10,975 shares at $17.87 per share.
- He subsequently sold 10,975 shares on the same day at a weighted average price of $43.2972, with prices ranging from $43.25 to $43.78.
- Following these transactions, Wittmeyer directly owns 292,535 shares of A-Mark Precious Metals, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider trading activity, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 03/19/2031 | Expiration date of options exercised on 09/19/2024 and 09/20/2024 |
| 06/30/2024 | Date exercisable for options exercised on 09/19/2024 and 09/20/2024 |
| 09/19/2024 | Wittmeyer exercised options for 74,842 shares at $17.87 and sold 67,213 shares at an average price of $43.9514 and 7,629 shares at an average price of $44.4024. |
| 09/20/2024 | Wittmeyer exercised options for 10,975 shares at $17.87 and sold 10,975 shares at an average price of $43.2972. |
| 09/23/2024 | Date of signature on the Form 4 filing. |
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