Form 4: Mill Road Capital III, L.P. Reports Changes in Beneficial Ownership of Alta Equipment Group Inc. (ALTG)

Mill Road Capital III, L.P. reports transactions involving Alta Equipment Group Inc. stock and put options, indicating changes in beneficial ownership.

Summary

• Mill Road Capital III, L.P., along with Mill Road Capital III GP LLC and Thomas E. Lynch, filed a Form 4 detailing changes in beneficial ownership of Alta Equipment Group Inc. (ALTG).
• The report indicates that Mill Road Capital III, L.P. directly holds 3,894,008 shares of ALTG common stock.
• The filing also discloses transactions involving put options with varying strike prices ($10 and $12.50) and expiration dates (August 16, 2024, September 20, 2024, and October 18, 2024).
• These put options represent obligations to buy shares, with quantities ranging from 3,000 to 9,500 shares per option.
• The transactions occurred on July 19, 2024, and July 22, 2024.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.

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 disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's securities, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership and trading activities of significant shareholders.

Key Dates