Form 4: Dominari Holdings Inc. Executive Kyle Wool Receives Stock Options

Dominari Holdings Inc. President Kyle Wool reports acquisition of stock options and beneficial ownership of shares, along with co-reporting person Soo Yu.

Summary

• On April 16, 2025, Kyle Wool, President, Director, and a 10% Owner of Dominari Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report also includes information for Soo Yu, who is also listed as a Director, 10% Owner.
• Wool was granted a stock option to purchase 5,000,000 shares of Dominari Holdings Inc.'s common stock, exercisable upon the filing of a Form S-8, with an exercise price of $6.16 and expiring on February 9, 2035.
• Wool directly owns 1,113,339 shares and Ms. Yu directly owns 1,241,989 shares of common stock.
• Wool also indirectly owns shares through his SEP-IRA (27,750 shares), Rollover IRA (24,000 shares), Catatonk Creek LLC (1,477 shares), Tioga 22 LLC (1,476 shares), and a UTMA account (3,559 shares).
• Yu indirectly owns 13,750 shares through her pension and 1,477 shares through Dongam, LLC.
• Wool holds Series A and Series B warrants to purchase 288,184 shares each, with exercise prices of $3.72 and $4.22 respectively, expiring on February 14, 2030.

Sentiment

Score: 6

Explanation: Neutral sentiment as it primarily reports transactions and holdings. The granting of options could be seen as slightly positive, aligning management with shareholder interests.

Positives

• The granting of stock options to the President may align his interests with those of the shareholders, incentivizing him to improve company performance.

Risks

• The exercise of the stock options could potentially dilute existing shareholders' equity.

Future Outlook

The document does not contain specific forward-looking statements beyond the expiration dates of the options and warrants.

Industry Context

Form 4 filings are standard practice and provide transparency into the holdings and transactions of company insiders. This filing indicates changes in ownership by key executives, which is relevant to investors monitoring management's alignment with shareholder interests.

Stakeholder Impact

• Shareholders may be impacted by potential dilution if the stock options are exercised.

Next Steps

• Filing of Form S-8 to register the shares of Common Stock subject to the stock option.

Key Dates

Keywords

Dominari Holdings Inc., Kyle Wool, Soo Yu, stock options, beneficial ownership, Form 4, warrants, equity incentive plan