Form 4: Fog Cutter Holdings Acquires and Disposes of FAT Brands Preferred Stock

Fog Cutter Holdings, a 10% owner of FAT Brands, reports purchasing and disposing of Series B Cumulative Preferred Stock on August 30, 2024.

Summary

• Fog Cutter Holdings, LLC, a 10% owner of FAT Brands, Inc., filed a Form 4.
• The form reports changes in beneficial ownership of securities.
• On August 30, 2024, Fog Cutter Holdings acquired 1,000 shares of Series B Cumulative Preferred Stock at a price of $10.3906 per share.
• On the same day, Fog Cutter Holdings disposed of 3,000 shares of Series B Cumulative Preferred Stock.
• Following these transactions, the reported beneficial ownership of Series B Cumulative Preferred Stock is updated.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of insiders and significant shareholders. This filing indicates activity by a major shareholder in FAT Brands.

Stakeholder Impact

• The transaction may have a minor impact on shareholders, as it reflects changes in ownership by a significant holder.

Key Dates