Form 4: B. Riley Financial Co-CEO Thomas Kelleher Reports Tax-Related Share Disposal

Thomas Kelleher, Co-CEO of B. Riley Financial, reports the disposal of 5,679 shares to cover tax obligations related to vesting restricted stock units.

Summary

• On March 15, 2024, Thomas J. Kelleher, Co-CEO of B. Riley Financial, disposed of 5,679 shares of common stock.
• The disposal was to cover tax obligations related to the vesting of restricted stock units granted on February 24, 2023.
• The shares were sold at a price of $17.56 per share.
• Following the transaction, Kelleher directly owns 172,823 shares.
• Kelleher also indirectly owns 891,558 shares through the Kelleher Family Trust, 34,118 shares through a self-directed IRA, and 5,600 shares held with dispositive power for his wife.
• Additionally, he indirectly owns 3,405 shares each with dispositive power for three daughters.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related share disposal, which is common when restricted stock units vest.

Stakeholder Impact

• The disposal of shares is unlikely to have a significant impact on stakeholders as it is a routine transaction.

Key Dates