Form 4: Fog Cutter Holdings Acquires and Disposes of Series B Cumulative Preferred Stock in Fat Brands, Inc.
SEC Form 4 Filing
Fog Cutter Holdings, a 10% owner and director in Fat Brands, Inc., reports acquiring and disposing of Series B Cumulative Preferred Stock on September 11, 2024.
Summary
- On September 11, 2024, Fog Cutter Holdings, LLC, a 10% owner and director of Fat Brands, Inc. [FAT], engaged in transactions involving Series B Cumulative Preferred Stock.
- The transactions involved the acquisition of 1,000 shares at a price of $9.53 per share.
- Following the reported transaction, Fog Cutter Holdings disposed of 4,000 shares.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a significant shareholder. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction may be of interest to shareholders of Fat Brands, Inc. as it reflects changes in the holdings of a major shareholder.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of transaction involving Series B Cumulative Preferred Stock. |
| 09/12/2024 | Date of signature by Attorney-in-Fact. |
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