4/A: Crown Crafts Inc. Director Amends Form 4 to Correctly Report Share Acquisition

Michael Benstock, a director at Crown Crafts Inc., filed an amended Form 4 to correct the number of shares acquired and beneficially owned following a transaction on August 15, 2024.

Summary

• Michael Benstock, a director of Crown Crafts Inc. (CRWS), filed an amendment to his Form 4 on August 21, 2024, to correct previously reported information.
• The amendment addresses inaccuracies in the original Form 4 filed on August 16, 2024, regarding the number of shares acquired in a transaction on August 15, 2024.
• The corrected quantity of shares acquired is 20,294, not the previously reported 15,221.
• Consequently, the corrected quantity of shares beneficially owned following the reported transaction is 35,397, not the previously reported 30,324.
• The acquisition of 20,294 shares was a restricted stock grant pursuant to the Issuer's 2021 Incentive Plan, vesting on the earlier of August 15, 2025, or the date immediately preceding the date of the Issuer's 2025 Annual Meeting of Stockholders.
• The reporting person has not undertaken to amend any Form 4 that may have been filed subsequent to the filing date of the original Form 4 and the filing date of this amended Form 4 to correct the quantity of Shares of the Issuer's Securities Beneficially Owned Following the Reported Transaction(s) reported on any such subsequent Form(s) 4.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any fundamental change in the company's prospects, but accurate reporting is always viewed positively.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of insider transactions.

Key Dates