Form 4: Broad Street Realty Director Spiritos Acquires 20,000 Shares

Director Samuel M. Spiritos of Broad Street Realty, Inc. recently purchased 20,000 shares of common stock at $0.15 per share.

Summary

• On August 22, 2024, Samuel M. Spiritos, a director of Broad Street Realty, Inc. (BRST), acquired 20,000 shares of common stock.
• The purchase price was $0.15 per share.
• Following the transaction, Spiritos directly owns 556,953 shares of Broad Street Realty, Inc.
• Spiritos also indirectly owns 13,827 shares through SR BSV Spotswood LLC, where he is the manager.
• Spiritos disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the small amount and low price temper the enthusiasm.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The purchase of shares by a director could positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, Broad Street Realty, BRST, Samuel Spiritos, Stock Acquisition