Form 4: Citi Trends CEO David N. Makuen Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
David N. Makuen, CEO of Citi Trends Inc, disposed of 802 shares of common stock on March 20, 2024, to cover tax obligations.
Summary
- On March 20, 2024, David N. Makuen, the CEO of Citi Trends Inc, disposed of 802 shares of common stock.
- The transaction was executed at a price of $28.6 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Makuen directly owns 32,633 shares of Citi Trends Inc.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of stock disposal transaction |
| 03/22/2024 | Date of signature on the report |
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