Form 4: Beasley Broadcast Group COO Brian Beasley Reports Stock Transaction

Brian Beasley, COO of Beasley Broadcast Group, reports the disposition of 8,523 shares of Class A Common Stock to cover tax obligations.

Summary

• On July 3, 2024, Brian E. Beasley, the Chief Operating Officer of Beasley Broadcast Group Inc. (BBGI), disposed of 8,523 shares of Class A Common Stock.
• The transaction was due to the withholding of shares to cover tax obligations, with a price of $0.65 per share.
• Following the transaction, Beasley directly owns 377,113 shares of Class A Common Stock.
• Beasley also indirectly owns 13,600 shares through his children, but disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine disposal of shares to cover tax obligations.

Key Dates

Keywords

Form 4, Beasley Broadcast Group, BBGI, Brian Beasley, Chief Operating Officer, Stock Transaction, Beneficial Ownership, Class A Common Stock