Form 4: Finwise Bancorp Director Cunningham Reports Changes in Beneficial Ownership
SEC Form 4
Director Gerald Edwin Cunningham reports acquisition and disposal of Finwise Bancorp shares, impacting his direct and indirect ownership.
Summary
- On May 28, 2024, Gerald Edwin Cunningham, a director of Finwise Bancorp, reported changes in his beneficial ownership of the company's common stock.
- Cunningham acquired 3,957 shares of common stock.
- Cunningham disposed of 84,462 shares held indirectly through the Gerald E. Cunningham Revocable Trust as of 9-24-2007.
- Following these transactions, Cunningham directly owns 71,229 shares of Finwise Bancorp.
- Cunningham indirectly owns 0 shares through the Gerald E. Cunningham Revocable Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company insider.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track confidence levels and potential future performance indicators.
Stakeholder Impact
- Shareholders may interpret the transactions as a signal of the director's confidence or lack thereof in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 9-24-2007 | Date of Gerald E. Cunningham Revocable Trust |
| 05/28/2024 | Date of transaction: acquisition and disposal of shares |
| 05/29/2024 | Date of signature |
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