Form 4: Alto Ingredients Director Michael Kandris Sells Shares to Cover Tax Obligations

Director Michael Kandris of Alto Ingredients, Inc. sold shares on June 21, 2024, to cover withholding taxes upon the vesting of restricted stock.

Summary

• On June 21, 2024, Michael D. Kandris, a director of Alto Ingredients, Inc., executed a transaction involving the company's common stock.
• The transaction involved the disposal of 135,337 shares to cover withholding taxes related to the vesting of restricted stock.
• The shares were sold at a price of $1.28 per share.
• Following the transaction, Kandris directly owns 666,264 shares of Alto Ingredients, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale of shares to cover tax obligations is a routine transaction and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions and can be used by investors to gauge sentiment.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates