Form 4: Banzai International Insider Transactions: Mason Ward Acquires Shares and Disclaims Beneficial Ownership

Mason Ward, a director and 10% owner of Banzai International, reported acquiring 179,290 shares of Class A Common Stock and disclaims beneficial ownership of shares held by ALCO Investment Company.

Summary

• On March 28, 2024, Mason Ward acquired 179,290 shares of Banzai International's Class A Common Stock at $0.00 per share.
• Following the transaction, Ward directly owns 209,960 shares.
• Ward also disclaims beneficial ownership of 2,396,261 shares held by ALCO Investment Company.
• ALCO Investment Company may be deemed a director by deputization because Mason Ward serves on Banzai International's board of directors.
• Mason Ward is the Chief Financial Officer of ALCO and a member of the investment committee and, in such capacity, may be deemed to have investment control over the shares held by ALCO.
• Ward disclaims beneficial ownership over the securities held by ALCO except to the extent of his pecuniary interest therein, if any.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their potential impact on the stock.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's prospects.

Key Dates