Form 4: CGI Magyar Holdings Sells Shares in Compass Diversified Holdings
SEC Form 4 Filing
CGI Magyar Holdings LLC, along with related entities, reports the sale of Compass Diversified Holdings shares.
Summary
- CGI Magyar Holdings LLC sold 100,000 shares of Compass Diversified Holdings (CODI) on July 11, 2024, at a price of $22.5451 per share.
- An additional 30,319 shares were sold on July 12, 2024, at $22.7774 per share.
- Following these transactions, CGI Magyar Holdings LLC directly owns 7,861,152 shares.
- The Stevns Trust owns 99.6% of CGI Magyar Holdings LLC.
- Path Spirit Limited is the trust protector for The Stevns Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a transaction without expressing any positive or negative outlook.
Negatives
- CGI Magyar Holdings LLC reduced its holdings in Compass Diversified Holdings through the sale of shares.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders of a publicly traded company buy or sell shares. This filing indicates changes in ownership structure and potential investment strategies of significant stakeholders.
Stakeholder Impact
- The sale of shares by a major holder could potentially influence investor sentiment regarding Compass Diversified Holdings.
Key Dates
| Date | Description |
|---|---|
| 07/11/2024 | CGI Magyar Holdings LLC sold 100,000 shares of CODI at $22.5451 per share. |
| 07/12/2024 | CGI Magyar Holdings LLC sold 30,319 shares of CODI at $22.7774 per share. |
| 07/15/2024 | Date of signature for the Form 4 filing by Cora Lee Starzomski, Director of CGI Magyar Holdings LLC. |
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