Form 4: Better For You Wellness COO Stephen Letourneau Reports Significant Stock Transactions

Stephen Letourneau, COO of Better For You Wellness, reports acquisition and disposal of common and preferred stock, including conversions of deferred compensation.

Summary

• Stephen Letourneau, the Chief Operating Officer of Better For You Wellness, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On July 18, 2023, Letourneau acquired 3,919,109 shares of common stock at a price of $0.037 per share.
• On March 21, 2024, he acquired 38,196,743 shares of common stock and 95,705 shares of preferred stock, both at a price of $0.00.
• These transactions involved the conversion of deferred compensation into stock.
• The report also notes a correction for a previously unfiled Form 4 related to the July 2023 transaction due to a clerical error.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.

Stakeholder Impact

• Shareholders may be interested in the insider trading activity as it can provide insights into management's view of the company's prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stephen Letourneau, Better For You Wellness, BFYW, Stock Transactions, Deferred Compensation, COO