Form 4: BBX Capital Chairman Alan Levan Reports Changes in Beneficial Ownership

Alan Levan, Chairman of BBX Capital, reports changes in beneficial ownership of Class A and Class B common stock due to tax obligations and a transfer of shares to Levan BFC Stock Partners, LP.

Summary

• Alan Levan, Chairman of BBX Capital, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On October 1, 2024, 20,651 shares of Class A Common Stock were surrendered to BBX Capital to cover tax withholding obligations related to the vesting of restricted stock awards at a price of $8.04 per share.
• Also on October 1, 2024, Alan B. Levan transferred 31,832 shares of Class A Common Stock to Levan BFC Stock Partners, LP.
• Following these transactions, Levan directly owns 31,832 shares of Class A Common Stock.
• Levan also indirectly owns shares through various entities, including Levan BFC Stock Partners, LP (839,250 Class A shares and 1,201,581 Class B shares), Susie and Alan B. Levan Family Foundation, Inc. (78,700 Class A shares), Levan Children's Trust (7,344 Class A shares), Irrevocable Trust for Alan B. Levan UAD 12/30/2020 (167,653 Class A shares), and Irrevocable Trust for Susana C. Levan (207,101 Class A shares).

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard insider transactions. It doesn't inherently suggest positive or negative sentiment about the company's future.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It doesn't necessarily indicate a change in the company's prospects but provides transparency into the holdings of key individuals.

Key Dates