ALTG.NYSEAlta Equipment Group INC

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

Sentiment:

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Mill Road Capital III, L.P., along with related entities and individuals, reported transactions involving Alta Equipment Group Inc. (ALTG) securities, including the disposition of put options.

Summary

  • Mill Road Capital III, L.P. filed a Form 4 detailing changes in beneficial ownership of Alta Equipment Group Inc. (ALTG) securities.
  • The report indicates transactions made on July 24 and July 25, 2024.
  • These transactions involved the disposition of put options with strike prices of $12.50 and $10, expiring on September 20, 2024, and January 17, 2025, respectively.
  • Mill Road Capital III, L.P. directly holds 3,894,008 shares of Common Stock.
  • The reported transactions were executed by Mill Road Capital III, L.P., Mill Road Capital III GP LLC, and Thomas E. Lynch.
  • The filing clarifies the relationships between the reporting persons and the issuer, noting Mill Road Capital III, L.P. is a 10% owner and Thomas E. Lynch is a director.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

  • The transactions may be of interest to shareholders as they reflect the investment decisions of a major shareholder.

Key Dates

DateDescription
07/24/2024Date of earliest transaction: Disposition of put options.
07/25/2024Disposition of put options.
07/26/2024Date of signature for the Form 4 filing.
09/20/2024Expiration date of some of the put options disposed of.
01/17/2025Expiration date of some of the put options disposed of.

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