Form 4: Mill Road Capital III, L.P. Executes Equity and Derivative Transactions in Alta Equipment Group Inc. (ALTG)

Mill Road Capital III, L.P. reports acquisition and disposal of Alta Equipment Group Inc. shares and put options, indicating changes in beneficial ownership.

Summary

• On January 17, 2025, Mill Road Capital III, L.P. acquired 23,700 shares of Alta Equipment Group Inc. common stock at a price of $10 per share.
• On the same day, Mill Road Capital III, L.P. disposed of 4,293,208 shares of common stock.
• Following these transactions, Mill Road Capital III, L.P. beneficially owns 4,293,208 shares.
• Additionally, Mill Road Capital III, L.P. acquired 237 put options with an exercise price of $10, expiring on January 17, 2025.
• These put options are related to 23,700 shares of common stock.
• After the transaction, Mill Road Capital III, L.P. holds zero derivative securities.
• The reporting persons include Mill Road Capital III, L.P., Mill Road Capital III GP LLC, and Thomas E. Lynch, all with addresses at 328 Pemberwick Road, Greenwich, CT 06831.
• Each reporting person disclaims beneficial ownership of the shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting transactions; it doesn't inherently convey positive or negative sentiment. The transactions themselves could be interpreted in various ways depending on the broader context.

Management Comments

• Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market regarding their transactions in the company's securities.

Stakeholder Impact

• The transactions may influence investor perception of Alta Equipment Group Inc.

Key Dates