Form 4: Flagstar Financial Director Alessandro DiNello Reports Gift of Shares and Adjustments in Beneficial Ownership

Director Alessandro DiNello reports a gift of Flagstar Financial shares and adjustments in beneficial ownership, including holdings in trusts and other entities.

Summary

• On February 28, 2025, Alessandro DiNello, a director of Flagstar Financial, reported changes in his beneficial ownership of the company's common stock.
• He gifted 48,566 shares of common stock.
• He acquired 37,506 shares through his wife's trust, 1,580 shares each through trusts for the benefit of his grandchildren DD, AD, LeoG, and MG, and 1,580 shares through a trust for LukeG.
• DiNello disclaims beneficial ownership of shares held in his wife's trust and the grandchildren's trusts, except to the extent of his and his wife's pecuniary interest in the charitable remainder unitrust.
• He also reports indirect ownership through a Spousal Lifetime Access Trust (SLAT) where his spouse is the initial trustee and beneficiary, and another SLAT where he is the initial trustee and beneficiary.
• He also reports indirect ownership through a charitable remainder unitrust and an IRA.

Sentiment

Score: 5

Explanation: This is a routine filing related to changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard reporting practices.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.

Key Dates