Form 4: Provco Ventures 1 LP Increases Stake in Dynatronics Corp Through Dividend Conversion

Provco Ventures 1 LP, a 10% owner and director of Dynatronics Corp, acquired 522,122 shares of common stock as payment for quarterly dividends on its 8% Preferred Stock.

Summary

• Provco Ventures 1 LP, identified as a Director and 10% Owner of Dynatronics Corp (DYNT), acquired 522,122 shares of common stock.
• The transaction occurred on July 1, 2025, and was reported on July 2, 2025.
• The acquisition was a payment of quarterly dividends on 8% Preferred Stock, with shares of common stock valued at $0.0655 per share, which is 90% of the 10-day average closing bid price.
• Following this transaction, Provco Ventures 1 LP beneficially owns a total of 2,155,561 shares of Dynatronics Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as an insider (10% owner and director) is increasing their stake, even if through a dividend conversion. However, the dilutive effect of issuing new shares for dividends introduces a minor negative aspect, balancing the overall sentiment to moderately positive.

Positives

• The acquisition of shares by a 10% owner and director indicates continued interest and investment in the company.
• The payment of dividends, even in shares, demonstrates the company's commitment to its preferred shareholders.

Negatives

• The issuance of new common shares for dividend payments can lead to dilution for existing common shareholders.

Future Outlook

The document does not provide specific forward-looking statements or guidance beyond the details of the reported transaction.

Industry Context

This Form 4 filing details a routine insider transaction related to dividend payments, which is common across various industries for companies with preferred stock. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• Provco Ventures 1 LP, a 10% owner and director of Dynatronics Corp, received common stock as payment for dividends on its preferred stock, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The issuance of new common shares for dividend payments will result in a slight dilution of existing common shareholders' ownership percentage.
• Preferred Shareholders (Provco Ventures 1 LP): Received expected dividend payments in the form of common stock.

Key Dates

Keywords

Dynatronics Corp, DYNT, Provco Ventures 1 LP, SEC Form 4, Insider Transaction, Common Stock, Preferred Stock, Dividend Payment, Share Acquisition, Beneficial Ownership