Form 4: Banzai International Director Mason Ward Reports Transaction

Mason Ward, a director and 10% owner of Banzai International, reported the purchase of 500 shares of Class A Common Stock at $0.9676 per share on February 22, 2024.

Summary

• On February 22, 2024, Mason Ward, a director and 10% owner of Banzai International, purchased 500 shares of Class A Common Stock at a price of $0.9676 per share.
• Following the transaction, Ward directly owns 30,670 shares of Class A Common Stock.
• Additionally, Ward may be deemed to have investment control over 2,396,261 shares held by ALCO Investment Company, where he serves as Chief Financial Officer and a member of the investment committee.
• Ward disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• The report was resubmitted to correct an error in the CIK number.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Mason Ward disclaims beneficial ownership over the securities held by ALCO except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed to be an admission that Mason Ward is a beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), or for any other purpose.

Industry Context

This filing is a routine disclosure required by the SEC for insiders who trade in their company's stock. It provides transparency to the market regarding the transactions of company directors and large shareholders.

Stakeholder Impact

• The transaction provides shareholders with information about insider trading activity, which can influence investor confidence.

Key Dates