Form 4: Allied Gaming & Entertainment CEO Chen Yinghua Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Chen Yinghua disposed of 74,876 shares of Allied Gaming & Entertainment to cover tax obligations arising from the settlement of vested restricted stock units.
Summary
- On August 30, 2024, Yinghua Chen, the CEO of Allied Gaming & Entertainment Inc., disposed of 74,876 shares of common stock.
- The shares were withheld to cover Chen's tax obligations related to the settlement of vested restricted stock units.
- The transaction price was $1.2 per share.
- Following the transaction, Chen directly owns 1,104,874 shares of Allied Gaming & Entertainment Inc.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, which is neither particularly positive nor negative.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 09/03/2024 | Date of signature for the Form 4 filing. |
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