Form 4: Blum Holdings CEO Sabas Carrillo Reports Open Market Stock Purchases
SEC Form 4 Filing
Sabas Carrillo, CEO of Blum Holdings, reports several open market purchases of common stock and indirect ownership through Adnant, LLC.
Summary
- On May 19, 2025, Sabas Carrillo, the CEO of Blum Holdings, Inc., purchased 500 shares of common stock at $0.83 per share and 1,170 shares at $0.84 per share.
- On May 20, 2025, Carrillo purchased 520 shares at $0.82 per share and 420 shares at $0.84 per share.
- On May 21, 2025, Carrillo purchased 100 shares at $0.80 per share, 100 shares at $0.84 per share, and 200 shares at $0.87 per share.
- Following these transactions, Carrillo directly owns 90,797 shares of common stock.
- Carrillo also indirectly owns 4,932,154 shares of common stock and 3,571,429 shares of Series V Preferred Stock through Adnant, LLC, where he serves as CEO and managing member.
- The Series V Preferred Stock is convertible into common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's stock purchases could be interpreted as a sign of confidence, but it's a relatively small amount compared to their overall holdings.
Positives
- The CEO's open market purchases may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding 10% or more of the company's shares) buy or sell the company's securities. These filings provide transparency into insider transactions and can be used by investors to gauge management's sentiment about the company's prospects.
Stakeholder Impact
- Shareholders may view the CEO's stock purchases as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 12/30/2024 | Date Warrants to Purchase Common Stock exercisable |
| 05/19/2025 | Date of earliest transaction (common stock purchases) |
| 05/20/2025 | Date of common stock purchases |
| 05/21/2025 | Date of common stock purchases and signature date |
| 12/31/2027 | Expiration date of Warrants to Purchase Common Stock |
Keywords
Form 4, Beneficial Ownership, Stock Purchases, Sabas Carrillo, Blum Holdings, BLMH, CEO
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