Form 4: Dynatronics Director Erin S. Enright Reports Acquisition of Common Stock Through Dividend Reinvestment

Director Erin S. Enright reports acquiring Dynatronics Corp common stock through dividend reinvestment on October 1, 2024.

Summary

• On October 1, 2024, Erin S. Enright, a director of Dynatronics Corp, acquired common stock through the payment of quarterly dividends on 8% Preferred Stock.
• The shares were valued at 90% of the 10-day average closing bid price, with a price of $0.1233 per share.
• Enright acquired 462,423 shares indirectly through a spouse and 92,810 shares indirectly through a family trust.
• Following the transaction, Enright's spouse beneficially owns 1,547,876 shares, and the family trust beneficially owns 291,825 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction (dividend reinvestment) and doesn't necessarily indicate strong positive or negative sentiment about the company's prospects.

Positives

• The director's participation in the dividend reinvestment plan could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment, as it reflects a director's investment in the company.

Key Dates

Keywords

Dynatronics, Director, Enright, Common Stock, Dividend Reinvestment, Beneficial Ownership, Form 4