Form 4: Former AMMO, Inc. CFO Robert Wiley Reports Stock Transactions
SEC Form 4 Filing
Former AMMO, Inc. CFO Robert Wiley reports acquisition of 25,000 shares and disposal of 8,962 shares to cover tax obligations.
Summary
- Robert D. Wiley, former CFO of AMMO, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On October 3, 2024, Wiley acquired 25,000 shares of common stock as part of his compensation.
- The acquisition price was $0, indicating it was a grant.
- On the same day, Wiley disposed of 8,962 shares to cover tax withholding obligations at a price of $1.43 per share.
- Following these transactions, Wiley beneficially owns 320,777 shares of AMMO, Inc.
- Wiley's resignation as CFO was effective September 20, 2024, following a notice on September 19, 2024.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a former executive. It doesn't inherently convey positive or negative sentiment.
Positives
- The grant of 25,000 shares indicates continued alignment of interests between the former CFO and the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| CFO | Robert D. Wiley | September 20, 2024 | Resignation |
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| September 19, 2024 | Company received notice of resignation from Rob Wiley. |
| September 20, 2024 | Effective date of Rob Wiley's resignation as CFO. |
| September 30, 2024 | End of quarter for which the 25,000 shares were granted. |
| October 3, 2024 | Date of stock acquisition and disposal. |
| October 11, 2024 | Date of Form 4 filing. |
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