Form 4: CGI Magyar Holdings Sells 135,274 Shares of Compass Diversified Holdings

CGI Magyar Holdings LLC sold 135,274 shares of Compass Diversified Holdings at $23.05 per share on November 11, 2024, reducing its direct holdings to 7,456,197 shares.

Summary

• CGI Magyar Holdings LLC, a significant shareholder of Compass Diversified Holdings (CODI), sold 135,274 common shares on November 11, 2024.
• The shares were sold at a price of $23.05 per share.
• Following the transaction, CGI Magyar Holdings LLC directly owns 7,456,197 shares of CODI.
• CGI Magyar Holdings LLC is primarily owned by The Stevns Trust, a Bermudian charitable trust.
• The Stevns Trust is co-managed by Kattegat Private Trustees (Bermuda) Limited and Hamilton Trust Company Limited.
• Path Spirit Limited acts as the trust protector for The Stevns Trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of a share sale, with no indication of positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is required when insiders of a publicly traded company make transactions in the company's stock. It provides transparency into the trading activities of major shareholders.

Comparison to Industry Standards

• Form 4 filings are a common occurrence for publicly traded companies, and this transaction is consistent with standard reporting requirements.
• The sale by CGI Magyar Holdings LLC is similar to other insider transactions reported by major shareholders in other publicly traded companies.

Stakeholder Impact

• The share sale may have a minor impact on the share price of Compass Diversified Holdings, but it is unlikely to be significant given the relatively small size of the transaction compared to the total shares outstanding.

Key Dates

Keywords

Compass Diversified Holdings, CODI, CGI Magyar Holdings LLC, share sale, insider transaction, Stevns Trust, Kattegat Private Trustees, Hamilton Trust Company, Path Spirit Limited