Form 4: Arq Inc. Director Jeremy Blank Reports Share Distribution and Indirect Ownership
SEC Form 4 Filing
Director Jeremy Blank reports a distribution of shares from Arq Limited and details his indirect beneficial ownership through various investment entities.
Summary
- Jeremy Blank, a director of Arq Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 20, 2024, Arq Limited distributed its remaining shares of Arq Inc. common stock to its shareholders as part of its wind-down process.
- Mr. Blank indirectly acquired 4,146 shares through this distribution, held by Community SPV GP LP.
- He also reports indirect ownership of 1,855,388 shares through YGF 100 LP and 324,955 shares through CF Global Credit, LP.
- Mr. Blank disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the respective entities.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating no significant positive or negative sentiment. It reflects standard corporate governance practices.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a standard practice in corporate governance and regulatory compliance.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for corporate insiders in the US, similar to filings made by directors and officers in other jurisdictions.
- The reporting of indirect ownership through investment vehicles is common and aligns with standard practices for transparency.
- The disclaimer of beneficial ownership except for pecuniary interest is a typical approach to avoid overstating control.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of the company.
- The distribution of shares from Arq Limited to its shareholders may have a minor impact on the overall share distribution.
Key Dates
| Date | Description |
|---|---|
| February 1, 2023 | Date of the Securities Purchase Agreement between Arq, Inc. and Arq Limited. |
| June 17, 2024 | Date of the special resolution passed by Arq Limited shareholders. |
| November 20, 2024 | Date of the share distribution from Arq Limited to its shareholders. |
| November 21, 2024 | Date of signature of the Form 4 filing by Jeremy Blank. |
Keywords
beneficial ownership, Form 4, share distribution, Arq Inc., Jeremy Blank, indirect ownership, Community SPV GP LP, YGF 100 LP, CF Global Credit, LP, director
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