Form 4: Beasley Broadcast Group Inc. Executive Christopher D. Ornelas Reports Stock Transaction
SEC Form 4 Filing
Christopher D. Ornelas, General Counsel of Beasley Broadcast Group Inc., reports the disposition of 394 shares of Class A Common Stock to cover tax obligations.
Summary
- On February 10, 2025, Christopher D. Ornelas, the General Counsel of Beasley Broadcast Group Inc. (BBGI), disposed of 394 shares of Class A Common Stock.
- The transaction was executed at a price of $8.14 per share.
- This disposition was related to covering tax obligations.
- Following the transaction, Ornelas directly owns 4,592 shares of Beasley Broadcast Group Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's stock disposal to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock transaction (disposal of shares). |
| 02/11/2025 | Date of signature on the report. |
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