Form 4: Cannabis Sativa Inc. CEO David Tobias Sells Shares in August and September 2022
SEC Form 4 Filing
David Tobias, CEO of Cannabis Sativa Inc., reports the sale of common stock shares between August 15, 2022, and September 30, 2022.
Summary
- David Tobias, the CEO of Cannabis Sativa, Inc. (CBDS), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report covers transactions from August 15, 2022, to September 30, 2022.
- During this period, Tobias sold shares of common stock at prices ranging from $0.056 to $0.1031 per share.
- The sales resulted in a decrease in his holdings, with the number of shares beneficially owned decreasing from 8,823,591 to 8,678,539.
- All transactions were direct sales of common stock.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to the CEO selling shares, which could indicate a lack of confidence in the company's short-term prospects, or simply the need for liquidity.
Negatives
- The CEO's selling of shares could be interpreted negatively by investors.
Risks
- Continued selling by insiders could put downward pressure on the stock price.
Industry Context
Insider trading activity is closely monitored in the cannabis industry, as it can provide insights into management's perspective on the company's future prospects. It is important to note that insider sales do not necessarily indicate a negative outlook, as they can be motivated by personal financial needs or diversification strategies.
Stakeholder Impact
- Shareholders may react to the CEO's stock sales, potentially impacting the stock price.
- The sales could affect investor confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 08/15/2022 | First reported transaction date: Sale of 13,682 shares at $0.1031 and 1,548 shares at $0.10. |
| 08/22/2022 | Sale of 2,014 shares at $0.1011. |
| 08/30/2022 | Sale of 4,502 shares at $0.0759 and 25,650 shares at $0.0801. |
| 08/31/2022 | Sale of 21,871 shares at $0.0756. |
| 09/01/2022 | Sale of 5,088 shares at $0.0715. |
| 09/02/2022 | Sale of 2,418 shares at $0.0715. |
| 09/06/2022 | Sale of 6,580 shares at $0.074 and 3,065 shares at $0.079. |
| 09/07/2022 | Sale of 2,933 shares at $0.0743. |
| 09/08/2022 | Sale of 4,080 shares at $0.0715. |
| 09/09/2022 | Sale of 1,471 shares at $0.0715. |
| 09/12/2022 | Sale of 9,510 shares at $0.059 and 3,038 shares at $0.0697. |
| 09/13/2022 | Sale of 3,642 shares at $0.0578. |
| 09/14/2022 | Sale of 1,888 shares at $0.057. |
| 09/16/2022 | Sale of 2,978 shares at $0.057 and 957 shares at $0.057. |
| 09/19/2022 | Sale of 5,455 shares at $0.057. |
| 09/20/2022 | Sale of 2,023 shares at $0.0639. |
| 09/21/2022 | Sale of 3,723 shares at $0.056. |
| 09/22/2022 | Sale of 2,644 shares at $0.0567. |
| 09/23/2022 | Sale of 5,097 shares at $0.057. |
| 09/26/2022 | Sale of 3,568 shares at $0.0575. |
| 09/27/2022 | Sale of 7,562 shares at $0.06. |
| 09/28/2022 | Sale of 5,563 shares at $0.06. |
| 09/29/2022 | Sale of 3,165 shares at $0.06. |
| 09/30/2022 | Sale of 3,019 shares at $0.061. |
| 02/27/2024 | Signature date of the reporting person. |
Keywords
Form 4, insider trading, stock sales, David Tobias, Cannabis Sativa Inc., CBDS, beneficial ownership
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