Form 4: Arq Inc. Director Jeremy Blank Reports Share Distribution from Arq Limited
SEC Form 4 Filing
Director Jeremy Blank reports the distribution of Arq Inc. shares from Arq Limited to its shareholders, increasing his indirect holdings.
Summary
- Jeremy Blank, a director of Arq Inc., has filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The changes result from a distribution of Arq Inc. shares by Arq Limited to its shareholders on November 26, 2024, as part of Arq Limited's wind-down process.
- Mr. Blank's indirect holdings increased by 132,046 shares through YGF 100 LP, 47,416 shares through Community SPV GP LP, and 324,955 shares through CF Global Credit, LP.
- He also directly owns 49,658 shares of Arq Inc. common stock.
- The shares were distributed without any additional payment from the recipients.
Sentiment
Score: 6
Explanation: The document is a routine filing related to a planned corporate action. There is no indication of positive or negative sentiment, it is a neutral event.
Positives
- The distribution of shares from Arq Limited to its shareholders is part of a planned wind-down process, which was previously approved by shareholders.
- The distribution of shares did not require any additional payment from the recipients.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company director and is not indicative of broader industry trends.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
- The share distribution is a specific event related to the wind-down of Arq Limited and is not directly comparable to typical industry transactions.
Stakeholder Impact
- The share distribution impacts shareholders of Arq Limited, who received shares of Arq Inc.
- The change in ownership is not expected to have a significant impact on other stakeholders of Arq Inc.
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 to wind down the company. |
| November 26, 2024 | Date of the share distribution from Arq Limited to its shareholders. |
| November 27, 2024 | Date of the Form 4 filing by Jeremy Blank. |
Keywords
Form 4, Beneficial Ownership, Share Distribution, Arq Inc., Jeremy Blank, YGF 100 LP, Community SPV GP LP, CF Global Credit, LP, Director, Wind-down
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