SCHEDULE 13D/A: Dominari Holdings CEO Anthony Hayes Boosts Stake to 11.41% Through Share Grants and Open Market Buys

Dominari Holdings Inc. CEO and Chairman Anthony Hayes has significantly increased his beneficial ownership in the company to 11.41% through recent share grants and personal open market purchases, as detailed in a new SEC filing.

Summary

• This document is Amendment No. 2 to Schedule 13D, updating previous filings regarding beneficial ownership in Dominari Holdings Inc.
• Anthony Hayes, the Chief Executive Officer and Chairman of the Board of Dominari Holdings Inc., is the reporting person.
• Mr. Hayes now beneficially owns 803,071 shares of Common Stock, which represents approximately 11.41% of the Issuer's outstanding shares.
• His ownership includes 116,248 shares held indirectly in his Rollover IRA and 686,823 shares owned directly.
• The 11.41% ownership is calculated based on 7,037,022 shares of Common Stock outstanding, which includes 6,336,286 shares as of November 7, 2024, plus shares issued on December 31, 2024, to Mr. Hayes (309,118 shares), Mr. Wool (309,118 shares), and other employees (82,500 shares).
• Recent acquisitions contributing to his increased stake include:
• A grant of 309,118 shares on December 31, 2024, by the Issuer's Compensation Committee.
• A grant of 154,559 shares on June 11, 2024, by the Issuer's Compensation Committee.
• Open market purchases of 1,158 shares at $2.25 per share on May 29, 2024.
• Open market purchases of 3,482 shares at $2.40 per share on May 30, 2024.
• Open market purchases of 3,994 shares at $2.6215 per share for his Rollover IRA on April 4, 2024.
• Open market purchases of 13,500 shares at $2.8758 per share for his Rollover IRA on April 5, 2024.
• The stated purpose of these acquisitions is for investment.
• As CEO and Chairman, Mr. Hayes may engage in communications with the Board, management, and other shareholders, and may influence the corporate activities of the Issuer.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by the CEO and Chairman, through both compensation grants and personal open market purchases, indicates strong insider confidence and alignment with shareholder interests, which is generally viewed very positively by investors.

Positives

• Anthony Hayes, the CEO and Chairman, has significantly increased his beneficial ownership to 11.41%, demonstrating strong insider confidence and alignment with shareholder interests.
• A substantial portion of the increase comes from share grants (309,118 shares on Dec 31, 2024, and 154,559 shares on June 11, 2024) from the Compensation Committee, indicating management's performance-based compensation and commitment.
• Mr. Hayes also made personal open market purchases, including 1,158 shares at $2.25, 3,482 shares at $2.40, 3,994 shares at $2.6215, and 13,500 shares at $2.8758, signaling a direct financial investment and belief in the company's valuation.

Risks

• The Reporting Person may acquire additional shares or sell/dispose of any or all of the Common Stock or other securities of the Issuer that he beneficially owns.
• As Chief Executive Officer and Chairman of the Board, the Reporting Person may engage in communications with the Board, management, other shareholders, and advisors regarding the Issuer's operations, governance, and control.
• In his capacities as CEO and Chairman, the Reporting Person may have influence over the corporate activities of the Issuer, including potential changes related to control, mergers, asset sales, changes in management, dividends, or changes in the Issuer's business.

Future Outlook

The Reporting Person acquired beneficial ownership of the Common Stock for investment purposes and explicitly states that he may acquire additional shares or sell or otherwise dispose of any or all of the Common Stock or other securities of the Company that he beneficially owns. As CEO and Chairman, he retains the ability to influence the corporate activities of the Issuer.

Management Comments

• "The Reporting Person acquired beneficial ownership of the Common Stock for investment purposes."
• "The Reporting Person may acquire additional shares of Common Stock or other securities of the Issuer or sell or otherwise dispose of any or all of the Common Stock or other securities of the Company that the Reporting Person beneficially owns."
• "In such capacities [Chief Executive Officer and Chairman of the Board], the Reporting Person may engage in communications with the Board, members of management, other shareholders, financial and legal advisers and other parties regarding the Issuer, including but not limited to the Issuer's operations, governance and control."
• "In addition, in these capacities, the Reporting Person may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D."

Industry Context

This Schedule 13D filing primarily details changes in insider ownership and does not provide broader industry context or trends. It reflects an individual executive's investment strategy and stake within Dominari Holdings Inc.

Management Changes

Corporate Governance

Legal Proceedings

• The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the past five years.
• The Reporting Person has not been party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws, during the past five years.

Related Party Transactions

• Anthony Hayes, as CEO and Chairman, received grants of Common Stock from the Issuer's Compensation Committee on December 31, 2024 (309,118 shares) and June 11, 2024 (154,559 shares), which are related party transactions as part of his compensation.

Stakeholder Impact

• **Shareholders:** The significant increase in beneficial ownership by the CEO and Chairman signals strong insider confidence, potentially boosting investor sentiment and aligning management's interests with shareholder value creation.
• **Employees:** The document notes that 82,500 shares of Common Stock were issued to certain of the Issuer's employees on December 31, 2024, indicating broader equity incentives for the workforce.

Next Steps

• The Reporting Person may, at any time and from time to time, review or reconsider his position and/or change his purpose and/or formulate plans or proposals with respect to his holdings.
• The Reporting Person may acquire additional shares of Common Stock or other securities of the Issuer or sell or otherwise dispose of any or all of the Common Stock or other securities of the Company that the Reporting Person beneficially owns.

Key Dates

Recommendation

Keywords

Dominari Holdings Inc., Anthony Hayes, Schedule 13D, Beneficial Ownership, Insider Ownership, Common Stock, Share Grants, Open Market Purchases, CEO, Chairman, Corporate Governance, SEC Filing