Form 4: Eric Singer Reports Changes in Beneficial Ownership of Barnes & Noble Education, Inc.
SEC Form 4
Eric Singer, a director and 10% owner of Barnes & Noble Education, Inc., reports acquisition and disposal of common stock.
Summary
- Eric Singer filed a Form 4 detailing changes in his beneficial ownership of Barnes & Noble Education, Inc. (BNED) common stock.
- On September 20, 2024, Singer acquired 20,430 shares of common stock.
- Also on September 20, 2024, Singer disposed of 11,006,702 shares of common stock indirectly.
- Following these transactions, Singer directly owns 132,871 shares of common stock.
- Singer is part of a Section 13(d) group that collectively owns over 10% of BNED's outstanding shares.
- He disclaims beneficial ownership of shares owned by other group members except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- Grant of restricted shares that will vest on the earlier of one year from the date of grant or the Issuer's next annual meeting of stockholders.
Industry Context
This filing is a routine disclosure related to changes in ownership by a significant shareholder and director. It provides transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of transaction: acquisition and disposal of common stock |
| 09/23/2024 | Date of signature for the Form 4 filing |
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