Form 4: Dynatronics Corp: Stuart Essig Reports Beneficial Ownership Changes

Stuart Essig, a director and 10% owner of Dynatronics Corp, reports changes in beneficial ownership due to the acquisition of common stock through a dividend payment.

Summary

• On October 1, 2024, Stuart Essig acquired 462,423 shares of Dynatronics Corp common stock directly and 92,810 shares indirectly through a family trust.
• These acquisitions were due to a quarterly dividend payment on 8% Preferred Stock, paid in shares of common stock.
• The shares were valued at 90% of the 10-day average closing bid price, equating to $0.1233 per share.
• Following the transaction, Essig directly owns 1,547,876 shares and indirectly owns 291,825 shares through a family trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to a dividend payment. While insider buying can be seen as positive, this is a structured dividend payment, so it's not necessarily indicative of strong positive sentiment.

Positives

• The acquisition of shares by a director and significant shareholder could be interpreted positively by the market.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of shares by a director may have a minor positive impact on shareholder confidence.

Key Dates

Keywords

beneficial ownership, Dynatronics Corp, Stuart Essig, Form 4, dividend, common stock, preferred stock