Form 4: Alliance Entertainment Holding Corp Director Ogilvie Acquires Additional Shares

Bruce A. Ogilvie Jr., Executive Chairman and a 10% owner of Alliance Entertainment Holding Corp, purchased 1,900 shares of Class A Common Stock at a weighted average price of $2.2002 on May 30, 2024.

Summary

• On May 30, 2024, Bruce A. Ogilvie Jr., the Executive Chairman, a director, and a 10% owner of Alliance Entertainment Holding Corp, acquired 1,900 shares of Class A Common Stock.
• The shares were purchased at a weighted average price of $2.2002, with individual transactions ranging from $2.200 to $2.204.
• Following the transaction, Mr. Ogilvie indirectly beneficially owns 15,281,475 shares.
• These shares are held through a trust and a corporation wholly-owned by Mr. Ogilvie.
• Mr. Ogilvie disclaims individual ownership of the shares held in the trust, except for his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase of shares by a director can be seen as a positive sign, but the quantity is relatively small and may not have a significant impact.

Positives

• The purchase of shares by a director and significant shareholder could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing reflects insider trading activity, which is closely monitored by regulators and investors for insights into management's perspective on the company's value and prospects. It is common for directors and officers to buy or sell shares of their own company, and these transactions are required to be disclosed to the SEC.

Stakeholder Impact

• The purchase of shares by a director may have a slightly positive impact on shareholder confidence.

Key Dates