Form 4: Ammo Inc. Director Steven F. Urvan Reports Acquisition of 15,000 Shares
SEC Form 4
Director Steven F. Urvan reports acquiring 15,000 shares of Ammo Inc. common stock as part of his board compensation.
Summary
- On July 11, 2024, Steven F. Urvan, a director and 10% owner of AMMO, Inc. (POWW), acquired 15,000 shares of common stock.
- The acquisition was a grant of shares received as part of his annual compensation for serving on the Board of Directors.
- The price per share was $0.
- Following the transaction, Urvan directly owns 20,125,000 shares of AMMO, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition as part of director compensation. It doesn't indicate any significant positive or negative outlook.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders.
Stakeholder Impact
- The acquisition of shares by a director could be viewed positively by shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 07/11/2024 | Date of transaction: Steven F. Urvan acquired 15,000 shares of AMMO, Inc. common stock. |
| 07/15/2024 | Date of signature on the Form 4 filing. |
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