Form 4: Steven Lang Reports Barfresh Food Group Inc. Ownership Changes
SEC Form 4 Filing
Director Steven Lang reports acquisition of shares as compensation and details existing direct and indirect ownership in Barfresh Food Group Inc.
Summary
- On July 12, 2024, Steven Lang, a director of Barfresh Food Group Inc. (BRFH), reported changes in his beneficial ownership of the company's stock.
- Lang acquired 5,721 shares of common stock as compensation under the issuer's compensation plan for non-employee directors.
- Following the transaction, Lang directly owns 65,101 shares of common stock.
- Lang also indirectly owns 1,471,323 shares through Sidra Pty Ltd and 43,852 shares through Hodumo Pty Ltd.
- Lang holds multiple stock options with varying exercise prices and expiration dates, totaling 35,984 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing is a routine disclosure of stock ownership changes. The acquisition of shares as compensation is a positive sign, but it's not a major event.
Positives
- The acquisition of shares as compensation aligns the director's interests with those of the shareholders.
- The director's continued ownership, both direct and indirect, demonstrates a sustained investment in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in director Lang's ownership position in Barfresh Food Group.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a key company director.
- The acquisition of shares as compensation aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/19/2016 | Date of stock option grant with an exercise price of $9.62 and expiration on 12/19/2024. |
| 01/17/2017 | Date of stock option grant with an exercise price of $10.01 and expiration on 01/17/2025. |
| 01/16/2018 | Date of stock option grant with an exercise price of $6.5 and expiration on 01/16/2026. |
| 07/16/2018 | Date of stock option grant with an exercise price of $7.8 and expiration on 07/16/2026. |
| 01/16/2019 | Date of stock option grant with an exercise price of $8.45 and expiration on 01/16/2027. |
| 07/15/2019 | Date of stock option grant with an exercise price of $6.11 and expiration on 07/15/2027. |
| 01/12/2024 | Date of stock option grant with an exercise price of $1.45 and expiration on 01/12/2032. |
| 07/12/2024 | Date of transaction: Acquisition of 5,721 shares of common stock as director's compensation. |
| 07/16/2024 | Date of signature for the Form 4 filing. |
| 12/19/2024 | Expiration date of stock options granted on 12/19/2016 with an exercise price of $9.62. |
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