Form 4: Broad Street Realty CEO Michael Jacoby Buys $3,162 Worth of Shares

CEO Michael Jacoby of Broad Street Realty, Inc. recently purchased 13,750 shares of the company's common stock at an average price of $0.23 per share.

Summary

• On September 17, 2024, Michael Z. Jacoby, the CEO of Broad Street Realty, Inc., acquired 13,750 shares of common stock.
• The shares were purchased at a weighted average price of $0.23, with individual prices ranging from $0.17 to $0.30.
• Following the transaction, Mr. Jacoby directly owns 3,675,303 shares of Broad Street Realty, Inc.
• He also indirectly owns 57,125 shares through his spouse, but disclaims beneficial ownership of these shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is a positive signal, but the amount is relatively small.

Positives

• The CEO's purchase of shares may signal confidence in the company's future prospects.

Management Comments

• Mr. Jacoby disclaims beneficial ownership of the 57,125 shares owned by his spouse.

Industry Context

Insider buying is often seen as a positive sign, suggesting that a company's management believes the stock is undervalued.

Stakeholder Impact

• The stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Broad Street Realty, Michael Jacoby, CEO, stock purchase, Form 4, BRST, insider trading