Form 4: Beasley Broadcast Group Executive Brian E. Beasley Reports Stock Transaction
SEC Form 4 Filing
Brian E. Beasley, Chief Operating Officer of Beasley Broadcast Group, reports the disposition of 30,437 shares of Class A Common Stock to cover tax obligations.
Summary
- On August 19, 2024, Brian E. Beasley, the Chief Operating Officer of Beasley Broadcast Group Inc., disposed of 30,437 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations at a price of $0.65 per share.
- Following the transaction, Beasley directly owns 471,676 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 sentiment is neutral as it's a standard disclosure of a stock transaction. The disposal of shares to cover tax obligations is a common practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock transaction (disposal of shares). |
| 08/20/2024 | Date of signature by Attorney-in-Fact. |
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