Form 4: First of Long Island Corp Director Abbott Cooper Reports Sale of Common Stock

Director Abbott Cooper reports the sale of First of Long Island Corp common stock held indirectly through Driver Opportunity Partners I LP.

Summary

• On September 5, 2024, Director Abbott Cooper reported a transaction involving First of Long Island Corp (FLIC) common stock.
• The transaction involved the sale of 3,453 shares of common stock at a price of $12.7042 per share.
• These shares were held indirectly through Driver Opportunity Partners I LP.
• Following the transaction, Mr. Cooper still beneficially owns 166,633 shares directly.
• Mr. Cooper disclaims beneficial ownership of the shares previously owned by Driver LP except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Mr. Cooper disclaims beneficial ownership of any Shares previously owned by Driver LP except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates