4/A: CPI Aerostructures Amends Insider Ownership Filing
Insider Ownership Amendment
Pamela Levesque, Director and former CFO of CPI Aerostructures, filed an amended Form 4 to correct previously reported beneficial ownership of common stock.
Summary
- Pamela Levesque, a Director and former Chief Financial Officer of CPI Aerostructures Inc. (CVU), filed an amended Form 4 (Form 4/A).
- The amendment corrects the beneficial ownership of common stock previously reported in filings from December 29, 2025, January 9, 2026, and January 20, 2026.
- On July 22, 2025, 3,704 shares of unvested non-employee director compensation Restricted Stock Units (issued January 10, 2025) were forfeited.
- This forfeiture occurred when Ms. Levesque was appointed as the Issuer's interim chief financial officer.
- The corrected total amount of securities beneficially owned by Ms. Levesque following these adjustments is 95,310 shares.
- The correction also accounts for three shares not reported due to a clerical error in the January 9, 2026 filing.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, primarily a procedural correction to ensure accurate insider ownership reporting, with no direct impact on the company's operational or financial performance.
Positives
- Improved accuracy and transparency in insider ownership reporting for CPI Aerostructures.
Negatives
- Previous Form 4 filings contained errors regarding beneficial ownership, necessitating this amendment.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Management Comments
- Represents shares of previously reported Common Stock issuable under unvested non-employee director compensation Restricted Stock Units (issued on January 10, 2025) which were forfeited as of the transaction date when the Reporting Person was appointed as Issuer's interim chief financial officer.
- This amendment is filed to correct the Amount of Securities Beneficially Owned by the Reporting Person following the transactions reported on the Reporting Person's December 29, 2025, January 9, 2026 and January 20, 2026 Form 4 filings.
- Represents the correct total Amount of Securities Owned by the Reporting Person after adjustment for the forfeiture described in Footnote 1 and the addition of three shares not reported on the Reporting Person's January 9, 2026 Form 4 filing resulting from a clerical error.
Industry Context
StockSavvy.ai notes that such amendments are common for ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934, particularly when changes in roles or compensation structures impact vesting schedules, and reflect a commitment to accurate regulatory disclosure.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Interim Chief Financial Officer | NA | Pamela Levesque | 07/22/2025 | Appointment as interim CFO, leading to forfeiture of unvested director Restricted Stock Units. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Policy Application | Forfeiture of 3,704 unvested non-employee director compensation Restricted Stock Units upon Pamela Levesque's appointment as interim Chief Financial Officer, in accordance with the terms of the RSU grant. | 07/22/2025 | Ensures compliance with compensation terms tied to employment status and role, reflecting standard corporate governance practices for executive compensation. |
Stakeholder Impact
- Shareholders: Increased transparency and accuracy in insider ownership data, which can enhance investor confidence in regulatory compliance.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Issuance date of unvested non-employee director compensation Restricted Stock Units to Pamela Levesque. |
| 07/22/2025 | Forfeiture date of 3,704 unvested Restricted Stock Units by Pamela Levesque upon appointment as interim CFO. |
| 12/29/2025 | Date of a previous Form 4 filing being corrected by this amendment. |
| 01/09/2026 | Date of a previous Form 4 filing being corrected, which also had a clerical error regarding three shares. |
| 01/20/2026 | Date of the original Form 4 filing that this amendment (Form 4/A) is correcting. |
| 02/06/2026 | Signature date of the amended Form 4/A filing. |
Recommendation
holdThis filing is a routine amendment to correct insider beneficial ownership data and does not contain any new material information regarding the company's financial performance, strategic direction, or operational outlook. Therefore, it does not warrant a change in investment recommendation.
Keywords
CPI Aerostructures, CVU, Form 4/A, Insider Trading, Beneficial Ownership, Pamela Levesque, Restricted Stock Units, CFO Appointment, SEC Filing
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