Form 4: Finch Therapeutics Director Jeffery Smisek Reports Gift and Distribution of Shares

Director Jeffery Smisek reports a gift of 3,750 shares and the distribution of 18,254 shares to himself and 18,254 shares to his spouse from Flight Partners Management LLC.

Summary

• On May 20, 2024, Jeffery Smisek, a director of Finch Therapeutics Group, Inc., reported a transaction involving the company's common stock.
• He gifted 3,750 shares from Flight Partners Management LLC, of which he is the president.
• Flight Partners Management LLC no longer holds any shares of the Registrant.
• Additionally, 18,254 shares previously held by Flight Partners were distributed to Mr. Smisek directly, and another 18,254 shares were distributed to his spouse.
• Mr. Smisek directly owns 18,254 shares and his spouse owns 24,766 shares.
• A previous Form 4 filing on March 29, 2024, incorrectly reported the number of shares held by Flight Partners.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the ownership changes of company stock by its directors.

Stakeholder Impact

• The distribution of shares from Flight Partners to the director and his spouse may have a minor impact on shareholders due to the change in ownership structure.

Key Dates

Keywords

Finch Therapeutics, Jeffery Smisek, Form 4, share distribution, Flight Partners Management LLC, beneficial ownership, director, common stock