Form 4: B. Riley Financial President Kenneth Young Reports Stock Transactions

Kenneth Young, President of B. Riley Financial, reports acquisition and disposal of company stock, including shares acquired through an employee stock purchase plan and shares withheld for tax obligations.

Summary

• Kenneth M. Young, President of B. Riley Financial, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On June 30, 2023, Young acquired 379 shares of common stock at a price of $39.083 per share through the B. Riley Financial, Inc. 2018 Employee Stock Purchase Plan.
• On December 29, 2023, Young acquired 260 shares of common stock at a price of $17.84 per share through the same plan.
• On March 15, 2024, 2,068 shares were withheld by the company at $17.56 per share for payment of taxes related to the vesting of restricted stock units.
• Following these transactions, Young directly owns 229,521 shares of common stock and indirectly owns 32,085 shares through the Kenneth M. Young Revocable Trust U/A 5/8/15.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions by an executive.

Positives

• The acquisitions through the Employee Stock Purchase Plan indicate Young's continued investment in the company.

Negatives

• The withholding of shares for tax obligations reduced Young's direct holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.

Key Dates