SCHEDULE 13D/A: Dominari Holdings CEO Anthony Hayes Boosts Stake to 11.05% Following Significant Share Grant

Dominari Holdings Inc. CEO and Chairman Anthony Hayes has increased his beneficial ownership in the company to 11.05% after receiving a grant of 500,000 shares of common stock from the Compensation Committee.

Summary

• Anthony Hayes, the Chief Executive Officer and Chairman of Dominari Holdings Inc., now beneficially owns 1,591,255 shares of the company's common stock.
• This ownership represents approximately 11.05% of the Issuer's common stock outstanding, calculated based on 14,394,927 shares as of February 21, 2025.
• The increase in Mr. Hayes's stake is primarily due to a grant of 500,000 shares of common stock issued to him by the Compensation Committee of the Issuer's Board on February 18, 2025.
• His total beneficial ownership includes 1,475,007 shares owned directly and 116,248 shares held indirectly through his Rollover IRA.
• The reported beneficial ownership excludes an aggregate of 576,368 shares issuable pursuant to certain warrants purchased by Mr. Hayes, which are not currently exercisable due to beneficial ownership limitations.
• Within the past 60 days, Mr. Hayes also acquired 288,814 shares of Common Stock, along with Series A and Series B Warrants (each for 288,814 shares), at a combined purchase price of $3.47 per share and accompanying warrants through a private placement offering.

Sentiment

Score: 7

Explanation: The filing indicates increased alignment between the CEO and shareholders through a significant equity grant, which is generally viewed positively. It is a routine disclosure of ownership change, not a major operational or financial announcement, leading to a moderately positive sentiment due to the increased insider stake.

Positives

• The grant of 500,000 shares to CEO Anthony Hayes increases his equity stake, enhancing alignment between management's interests and shareholder value.
• Increased insider ownership by the CEO can signal confidence in the company's future prospects.

Risks

• The document notes that 576,368 shares issuable pursuant to warrants purchased by the Reporting Person are not currently exercisable due to certain beneficial ownership limitations.

Future Outlook

The document states that Anthony Hayes, in his capacity as CEO and Chairman, may be entitled to receive future cash and equity compensation, including share options or other equity awards, under the Issuer's 2022 Equity Incentive Plan. Such compensation is based on the Issuer meeting or exceeding certain annual revenue amounts during specified calendar years.

Management Comments

• "The Reporting Person has no current plan or proposal which relate to or would result in any of the events described in Items (a) through (j) of the instructions to Item 4 of Schedule 13D."
• "The Reporting Person may, at any time and from time to time, review or reconsider his position and/or change his purpose."

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a key executive, which is a standard regulatory requirement across industries. It does not provide specific insights into broader industry trends or competitive dynamics.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure of beneficial ownership and does not contain information suitable for comparison to specific industry benchmarks, comparable companies, or project results.

Corporate Governance

Related Party Transactions

• The grant of 500,000 shares of Common Stock to Anthony Hayes, the CEO and Chairman, by the Compensation Committee of the Issuer's Board.
• Anthony Hayes's acquisition of 288,814 shares and accompanying warrants in the Issuer's private placement offering at a combined purchase price of $3.47 per share.

Stakeholder Impact

• Shareholders: Increased insider ownership by the CEO may be viewed positively as it aligns management's interests with shareholder value and demonstrates confidence.
• Management/Employees: The CEO's compensation structure, including equity grants tied to revenue targets, provides incentives for performance and long-term value creation.

Next Steps

• Anthony Hayes may, at any time, review or reconsider his position and/or change his purpose regarding his holdings in Dominari Holdings Inc.
• Future cash and equity compensation for the CEO will be based on the Issuer meeting or exceeding certain annual revenue amounts during specified calendar years, as per the 2022 Equity Incentive Plan.

Key Dates

Recommendation

Keywords

Dominari Holdings Inc., Anthony Hayes, SEC Filing, Schedule 13D, Beneficial Ownership, Common Stock, Share Grant, CEO, Chairman, Equity Compensation, Corporate Governance