Form 4: Coliseum Acquisition Corp. Director Harry L. You Reports Share Transaction

Director Harry L. You of Coliseum Acquisition Corp. reported the acquisition of 1,550,000 Class A Ordinary Shares, resulting in a beneficial ownership of 1,074,999 shares.

Summary

• Harry L. You, a director of Coliseum Acquisition Corp., filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the acquisition of 1,550,000 Class A Ordinary Shares on December 20, 2024.
• These shares were acquired at a price of $0.00.
• Following the transaction, Mr. You's beneficial ownership of Class A Ordinary Shares is 1,074,999.

Sentiment

Score: 5

Explanation: The document is a routine filing of a share transaction by a director, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders across all publicly traded companies in the US.
• The reporting of share acquisitions by directors is a common occurrence and is not unusual.
• The specific details of the transaction, such as the $0.00 price, may indicate a specific type of transaction such as a grant or transfer, which is not uncommon.

Stakeholder Impact

• The transaction increases the director's stake in the company, which could be viewed positively by shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Form 4, Beneficial Ownership, Class A Ordinary Shares, Director, Coliseum Acquisition Corp., Share Transaction, SEC Filing