Form 4: B. Riley Financial SVP, Chief Accounting Officer Howard Weitzman Reports Stock Disposal
SEC Form 4 Filing
Howard Weitzman, SVP, Chief Accounting Officer of B. Riley Financial, Inc., reports the disposal of 9,556 shares of common stock due to cash settlement of restricted stock units.
Summary
- On March 14, 2025, Howard Weitzman, SVP, Chief Accounting Officer of B. Riley Financial, Inc., disposed of 9,556 shares of common stock.
- The disposal was a result of the cash settlement of restricted stock units (RSUs) granted on February 24, 2023, and March 4, 2024, under the company's 2021 Stock Incentive Plan.
- Each RSU was settled for $4.16, which was the closing price per share of B. Riley Financial's common stock on March 13, 2025.
- Following the transaction, Weitzman directly owns 59,486 shares of common stock and indirectly owns 7,500 shares through a self-directed 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| February 24, 2023 | Date of restricted stock units (RSUs) grant under the B. Riley Financial, Inc. 2021 Stock Incentive Plan. |
| March 4, 2024 | Date of restricted stock units (RSUs) grant under the B. Riley Financial, Inc. 2021 Stock Incentive Plan. |
| March 13, 2025 | Closing price per share of common stock of the Company was $4.16. |
| March 14, 2025 | Date of transaction: cash settlement of restricted stock units (RSUs). |
| March 18, 2025 | Date of signature for the Form 4 filing. |
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