Form 4: FAT Brands Director Andrew Wiederhorn Acquires Additional Shares
SEC Form 4
Director Andrew Wiederhorn reports purchasing 500 shares of FAT Brands Class B Common Stock at an average price of $6.16.
Summary
- On March 15, 2024, Andrew Wiederhorn, a director of FAT Brands, Inc., acquired 500 shares of Class B Common Stock.
- The shares were purchased at a weighted average price of $6.16.
- Following the transaction, Wiederhorn directly owns 8,079 shares.
- Wiederhorn also indirectly owns 706,514 shares through Fog Cutter Holdings LLC, where he is a member but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's purchase is a positive signal, but the small number of shares purchased limits the impact.
Positives
- Director's purchase may signal confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company's prospects are optimistic about its future.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Andrew Wiederhorn purchased 500 shares of FAT Brands Class B Common Stock. |
| 03/18/2024 | Date of signature: Allen Sussman, Attorney-in-Fact, signed the Form 4 on behalf of Andrew Wiederhorn. |
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