Form 4: Alto Ingredients Director Michael Kandris Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Michael Kandris sold shares of Alto Ingredients, Inc. to cover withholding taxes upon the vesting of restricted stock.
Summary
- On April 1, 2024, Michael D. Kandris, a director of Alto Ingredients, Inc., disposed of 97,183 shares of common stock to cover withholding taxes.
- The shares were sold at a price of $2.29 per share.
- Following the transaction, Kandris directly owns 801,601 shares of Alto Ingredients, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is related to tax obligations and doesn't indicate a change in the director's outlook on the company.
Industry Context
This is a routine transaction related to tax obligations and doesn't necessarily reflect a change in the director's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Michael Kandris disposed of shares to cover withholding taxes. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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