SCHEDULE 13D/A: Dominari Holdings CEO Anthony Hayes Updates Beneficial Ownership, Discloses Charitable Share Gift and Recent Equity Grants

Anthony Hayes, CEO and Chairman of Dominari Holdings Inc., filed an updated Schedule 13D revealing a charitable gift of 15,000 shares and detailing his significant beneficial ownership, including recent equity compensation.

Summary

• Anthony Hayes, the Chief Executive Officer and Chairman of Dominari Holdings Inc., filed Amendment No. 7 to his Schedule 13D.
• As of May 5, 2025, Mr. Hayes beneficially owns 6,730,814 shares of Dominari Holdings common stock, representing approximately 34.26% of the outstanding shares.
• This beneficial ownership includes 116,248 shares held indirectly in his Rollover IRA and 6,614,566 shares owned directly.
• The direct ownership includes 5,000,000 shares underlying a stock option exercisable within 60 days of May 5, 2025, granted under the Issuer's 2022 Equity Incentive Plan.
• The beneficial ownership percentage is calculated based on an aggregate of 19,643,897 shares of Common Stock, comprising 14,643,897 shares outstanding as of April 16, 2025, plus the 5,000,000 shares from his exercisable stock option.
• The filing reports that on May 5, 2025, Mr. Hayes gifted 15,000 shares of the Issuer's Common Stock to a charity, receiving no value for the gifted shares.
• Within the past 60 days, Mr. Hayes was issued 154,559 shares of Common Stock by the Compensation Committee on March 24, 2025.
• He also accepted a stock option to purchase 5,000,000 shares on April 16, 2025.
• The reported beneficial ownership excludes 576,368 shares issuable from warrants purchased in a private placement, which are not currently exercisable due to beneficial ownership limitations.

Sentiment

Score: 7

Explanation: The document reflects a routine update to beneficial ownership. While a small number of shares were gifted, the CEO maintains a substantial stake and has recently received significant equity compensation, indicating continued alignment with the company's performance.

Positives

• Anthony Hayes maintains a significant beneficial ownership stake of 34.26%, indicating strong alignment with shareholder interests.
• The grant of a 5,000,000 share stock option to the CEO on April 16, 2025, and the issuance of 154,559 shares on March 24, 2025, demonstrate ongoing executive compensation tied to company performance and continued management commitment.

Negatives

• The gift of 15,000 shares to a charity slightly reduces the CEO's direct ownership, although it is a minor amount relative to his total holdings.

Future Outlook

The Reporting Person's compensation, including equity awards, is based on the Issuer meeting or exceeding certain annual revenue amounts during specified calendar years. The 5,000,000 share stock option is exercisable within 60 days of May 5, 2025. The Reporting Person may, at any time, review or reconsider his position and/or change his purpose regarding his holdings.

Management Comments

• "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 update on an individual's beneficial ownership and does not provide broader industry context or trends.

Related Party Transactions

• Anthony Hayes, as CEO and Chairman, is entitled to receive cash and equity compensation, including share options or other equity awards, pursuant to the Issuer's 2022 Equity Incentive Plan. This compensation is based on the Issuer meeting or exceeding certain annual revenue amounts.
• On March 24, 2025, the Compensation Committee issued 154,559 shares of Common Stock to Anthony Hayes.
• On April 16, 2025, Anthony Hayes accepted a stock option to purchase 5,000,000 shares of Common Stock from the Compensation Committee.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding the CEO's significant and ongoing beneficial ownership, which can be viewed positively as it aligns management's interests with shareholder value. The gift of shares is a minor reduction in direct ownership, while the stock option grant represents potential future dilution upon exercise.
• Employees: N/A (The document focuses solely on the CEO's ownership and compensation, not broader employee impact).

Next Steps

• Exercise of the 5,000,000 share stock option by Anthony Hayes within 60 days of May 5, 2025.

Key Dates

Recommendation

Keywords

Dominari Holdings Inc., Anthony Hayes, Schedule 13D, Beneficial Ownership, Common Stock, Stock Option, Share Gift, CEO, Chairman, SEC Filing