Form 4: Alliance Entertainment Holding Corp Director Executes Stock Transactions

Director Walter Tommy Donaldson III reports acquisition and disposal of Alliance Entertainment Holding Corp (AENT) Class A Common Stock.

Summary

• On May 14, 2024, Walter Tommy Donaldson III, a director of Alliance Entertainment Holding Corp (AENT), engaged in transactions involving the company's Class A Common Stock.
• Donaldson purchased 15,000 shares at a weighted average price of $2.54, with individual prices ranging from $2.29 to $2.65.
• He also disposed of 40,000 shares.
• Following these transactions, Donaldson indirectly owns 83,300 shares through Blystone & Donaldson, LLC and 547,727 shares through B&D Series 2020, LLC.
• Donaldson disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of individuals with access to non-public information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with regulatory requirements for reporting changes in beneficial ownership.
• Similar filings are made by directors and officers of companies like Amazon, Apple, and Microsoft whenever they trade their company's stock.

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.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates