Form 4: Mill Road Capital III, L.P. Reports Transactions in Alta Equipment Group Inc. (ALTG)
SEC Form 4 Filing
Mill Road Capital III, L.P., a 10% owner of Alta Equipment Group Inc., reports the acquisition and disposal of common stock and put options.
Summary
- On December 16, 2024, Mill Road Capital III, L.P. acquired 35,000 shares of Alta Equipment Group Inc. common stock at $10 per share.
- On the same day, they disposed of 4,248,208 shares.
- On December 17, 2024, they acquired an additional 200 shares at $10 per share.
- Following these transactions, Mill Road Capital III, L.P. beneficially owns 4,248,408 shares.
- They also transacted in put options with an exercise price of $10 and an expiration date of January 17, 2025.
- Specifically, they acquired 350 put options on December 16, 2024, and 2 put options on December 17, 2024.
- After these transactions, they hold 448 put options.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting transactions by a major shareholder. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock and derivative movements.
Industry Context
This filing reflects the ongoing investment activities of a significant shareholder in Alta Equipment Group Inc. and provides insight into their current position and strategy regarding the company's stock.
Stakeholder Impact
- The transactions reported may influence investor perception of Alta Equipment Group Inc.'s stock.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Acquisition of 35,000 shares of common stock at $10 and disposal of 4,248,208 shares; acquisition of 350 put options. |
| 12/17/2024 | Acquisition of 200 shares of common stock at $10; acquisition of 2 put options. |
| 01/17/2025 | Expiration date of the put options. |
| 12/18/2024 | Date of signature for the Form 4 filing. |
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