Form 4: Ammo Inc. CFO Paul Kasowski Reports Stock Transactions
SEC Form 4 Filing
CFO of AMMO, Inc., Paul Kasowski, reports acquisition and disposal of company stock related to compensation and tax obligations.
Summary
- Paul Kasowski, CFO of AMMO, Inc., reported transactions involving the company's common stock on October 3, 2024.
- He acquired 25,000 shares as part of his quarterly compensation, valued at $0 per share.
- Additionally, 9,087 shares were withheld by the issuer to cover tax obligations at a price of $1.43 per share.
- Following these transactions, Kasowski beneficially owns 34,180 shares of AMMO, Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports routine stock transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 25,000 shares reflects ongoing compensation for the CFO's services.
Negatives
- The disposal of 9,087 shares to cover tax obligations reduces the CFO's holdings.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| CFO | Unknown | Paul Kasowski | September 20, 2024 | New appointment |
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders due to the change in the CFO's holdings.
Key Dates
| Date | Description |
|---|---|
| September 20, 2024 | Paul Kasowski named AMMO, Inc.'s new Chief Financial Officer. |
| September 30, 2024 | End of the quarter for which the 25,000 shares of common stock were granted as compensation. |
| October 3, 2024 | Date of stock acquisition and disposal transactions. |
| October 11, 2024 | Date of signature on the Form 4 filing. |
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