Form 4: FrontView REIT Chairman Stephen Preston Corrects Mistaken Stock Purchase

Stephen Preston, Chairman, Co-CEO, and Co-President of FrontView REIT, promptly corrected a mistaken purchase of 3,540 shares of common stock by selling the same amount the following day.

Summary

• On October 15, 2024, Stephen Preston, Chairman, Co-CEO, and Co-President of FrontView REIT, mistakenly purchased 3,540 shares of the company's common stock at $18.74 per share.
• To correct this error, Preston sold 3,540 shares on October 16, 2024, at an average price of $18.72 per share.
• The sale prices ranged from $18.6158 to $18.7447.
• Preston acknowledges that these transactions are matchable under Section 16(b) of the Securities Exchange Act of 1934, but no profit was realized, and no amount is subject to disgorgement because the aggregate sales price was less than the aggregate purchase price.

Sentiment

Score: 7

Explanation: The sentiment is neutral. The filing reports a corrected error, which is a standard procedure. There are no indications of significant positive or negative implications for the company.

Positives

• The reporting person promptly corrected the mistaken purchase.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing indicates a corrective action by a company officer.

Key Dates