Form 4: B. Riley Financial Co-CEO Bryant Riley Settles Restricted Stock Units Valued at Over $42,000

B. Riley Financial, Inc.'s Chairman and Co-CEO, Bryant R. Riley, reported the cash settlement of 14,030 restricted stock units (RSUs) on June 2, 2025, at a price of $3.05 per share.

Summary

• Bryant R. Riley, Chairman and Co-CEO of B. Riley Financial, Inc. (RILY), filed a Form 4 detailing a transaction on June 2, 2025.
• The transaction involved the cash settlement of 14,030 restricted stock units (RSUs) that were granted on May 24, 2022, under the company's 2021 Stock Incentive Plan.
• Each RSU was settled for $3.05, which was the closing price per share of B. Riley Financial common stock on May 30, 2025.
• Following this transaction, Mr. Riley's direct beneficial ownership stands at 6,786,787 shares of common stock, held directly or jointly with his wife.
• Additionally, Mr. Riley indirectly beneficially owns 70,151 shares held across four Uniform Transfer to Minors Act (UTMA) accounts for his children, for which he serves as custodian.
• He also indirectly owns 128,918 shares through the B. Riley Financial, Inc. 401(k) Profit Sharing Plan FBO Bryant Riley.
• The total beneficial ownership reported by Mr. Riley, including direct and indirect holdings, amounts to 6,985,856 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine insider transaction (cash settlement of RSUs), which is an expected part of executive compensation. It provides liquidity to the executive but doesn't indicate any significant positive or negative operational or financial news for the company itself.

Positives

• The cash settlement of restricted stock units provides liquidity to the executive, converting equity compensation into cash.
• The transaction represents the vesting and settlement of previously granted equity awards, indicating a planned compensation event.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Bryant R. Riley disclaims beneficial ownership of shares held in UTMA accounts except to the extent of his pecuniary interest therein.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the cash settlement of restricted stock units for a key executive. It reflects standard executive compensation practices within the financial services industry, where equity awards are a common component of remuneration.

Comparison to Industry Standards

• The cash settlement of RSUs is a standard practice for executive compensation, aligning with common industry benchmarks for equity-based incentives.
• The disclosure of direct and indirect beneficial ownership, including shares held in custodial accounts and 401(k) plans, is consistent with SEC reporting requirements for insiders across publicly traded companies.

Stakeholder Impact

• Shareholders: This routine insider transaction provides transparency regarding executive compensation and ownership, which is generally positive for corporate governance. It does not directly impact the company's operational performance or financial health.

Key Dates

Keywords

B. Riley Financial, RILY, Bryant R. Riley, Form 4, SEC filing, Insider transaction, Restricted Stock Units, RSU settlement, Beneficial ownership, Executive compensation, Equity compensation