Form 4: AMMO Inc. Vice President of Operations Reports Stock Transactions
SEC Form 4 Filing
James Patrick Mann, Vice President of Operations at AMMO Inc., reports the acquisition of 25,000 shares and the disposal of 9,142 shares for tax obligations on January 8, 2025.
Summary
- James Patrick Mann, the Vice President of Operations at AMMO Inc., reported changes in his beneficial ownership of the company's stock.
- On January 8, 2025, Mr. Mann acquired 25,000 shares of common stock as part of his quarterly compensation.
- Also on January 8, 2025, 9,142 shares were withheld by AMMO Inc. to cover tax obligations related to the stock grant.
- Following these transactions, Mr. Mann's direct ownership of AMMO Inc. common stock decreased from 349,757 to 340,615 shares.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an executive, with no significant positive or negative implications.
Positives
- The acquisition of 25,000 shares indicates continued compensation for the Vice President of Operations.
Negatives
- The disposal of 9,142 shares, while for tax purposes, reduces the total holdings of the Vice President of Operations.
Risks
- The document does not indicate any specific risks.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when officers or directors have transactions in the company's stock. It provides transparency into insider trading activity.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the US.
- The transactions reported are typical for executive compensation and tax obligations.
- The number of shares and the price are specific to AMMO Inc. and its compensation structure.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/08/2025 | Date of stock acquisition and disposal for tax obligations. |
| 01/14/2025 | Date of signature for the Form 4 filing. |
Keywords
AMMO Inc., stock ownership, insider trading, Form 4, James Patrick Mann, executive compensation, stock grant, tax withholding
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