Form 4: Barnes & Noble Education SVP Seema Paul Reports Changes in Beneficial Ownership After Reverse Stock Split

Seema Paul, SVP and Chief Accounting Officer of Barnes & Noble Education, reports changes in beneficial ownership following a 1-for-100 reverse stock split.

Summary

• On June 18, 2024, Seema Paul, SVP and Chief Accounting Officer of Barnes & Noble Education, filed a Form 4.
• The filing reports changes in beneficial ownership of common stock.
• On June 16, 2024, 27 shares were disposed of to cover withholding taxes at a price of $8.65 per share.
• Following the transaction, Paul directly owns 1,151 shares of common stock.
• The number of securities beneficially owned was adjusted to reflect a 1-for-100 reverse stock split that took place on June 11, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reports transactions related to tax obligations and a reverse stock split, which are standard corporate procedures.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The reverse stock split is a corporate action that can be used to increase the stock price and meet listing requirements.

Stakeholder Impact

• The reverse stock split impacts shareholders by reducing the number of outstanding shares while increasing the price per share.

Key Dates