Form 4: B. Riley Financial SVP, Chief Accounting Officer Howard Weitzman Reports Tax-Related Stock Disposal

Howard Weitzman, SVP, Chief Accounting Officer of B. Riley Financial, Inc., reported the disposal of 633 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 31, 2024, Howard Weitzman, SVP, Chief Accounting Officer of B. Riley Financial, Inc., disposed of 633 shares of common stock.
• The transaction was executed to cover tax obligations related to the vesting of restricted stock units granted on May 31, 2021, and May 24, 2022.
• The shares were disposed of at a price of $24.81 per share.
• Following the transaction, Weitzman directly owns 69,042 shares of B. Riley Financial, Inc. common stock.
• Weitzman also indirectly owns 7,500 shares held by a self-directed 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

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 practice of covering tax obligations related to stock vesting.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.

Key Dates