Form 4: Ault Milton C III Reports Sale of Algorhythm Holdings Shares
SEC Form 4
Milton C. Ault III, a director and 10% owner of Algorhythm Holdings, Inc., reports the sale of 500 shares of common stock at a price of $0.6198 on September 12, 2024.
Summary
- On September 12, 2024, Milton C. Ault III, a director and 10% owner of Algorhythm Holdings, Inc. (RIME), sold 500 shares of common stock.
- The transaction was executed at a price of $0.6198 per share.
- Following the transaction, Ault Milton C III indirectly owns 1,774,300 shares through Ault Lending, LLC.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. While the filing itself is routine, the sale of shares by a director could be perceived negatively by investors.
Negatives
- Ault Milton C III sold 500 shares of Algorhythm Holdings, Inc. which could be interpreted negatively by the market.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and large shareholders. The sale itself may or may not be indicative of the company's future performance.
Stakeholder Impact
- Shareholders may react to the news of the share sale by a director.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction: Sale of 500 shares of common stock. |
| 09/16/2024 | Date of signature on the Form 4. |
Keywords
Form 4, Algorhythm Holdings, RIME, Ault Milton C III, Share Sale, Insider Trading, Ault Lending LLC, Hyperscale Data Inc.
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