Form 4: Jonathan Brolin Reports Transactions in Frequency Electronics Inc (FEIM)
SEC Form 4 Filing
Jonathan Brolin, a director and 10% owner of Frequency Electronics Inc, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Jonathan Brolin, a director and 10% owner of Frequency Electronics Inc (FEIM), filed a Form 4 detailing changes in beneficial ownership.
- On October 31, 2023, Brolin acquired 26,808 shares of common stock.
- On October 31, 2024, Brolin disposed of 2,805 shares at a price of $12.62 to cover tax obligations.
- The report also indicates Brolin's indirect ownership through Edenbrook Long Only Value Fund, LP and other private funds managed by Edenbrook Capital, LLC.
- As of November 4, 2024, Brolin's beneficial ownership includes 271,504 shares held indirectly and 1,602,306 shares held indirectly through Edenbrook Long Only Value Fund, LP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for company insiders and large shareholders, providing transparency into their trading activities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | Grant date of restricted stock units and acquisition of 26,808 shares. |
| 10/31/2024 | First vesting date of restricted stock units and disposal of 2,805 shares for tax obligations. |
| 11/04/2024 | Date of report filing. |
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