Form 4: GEN Restaurant Group Co-CEO Kim David Wook Jin Buys $21,380 in Company Stock

Kim David Wook Jin, Co-CEO of GEN Restaurant Group, recently purchased 2,000 shares of Class A Common Stock at $10.69 per share.

Summary

• On June 12, 2024, Kim David Wook Jin, Co-Chief Executive Officer of GEN Restaurant Group, Inc., purchased 2,000 shares of Class A Common Stock.
• The purchase price was $10.69 per share.
• Following the transaction, Kim David Wook Jin directly owns no shares but indirectly owns 166,652 shares of Class A Common Stock through the DJK Trust, as Amended and Restated in 2007.
• Kim David Wook Jin also indirectly owns 8,478,543 shares of Class B Common Stock through the DJK Trust, as Amended and Restated in 2007.
• Additionally, Kim David Wook Jin indirectly owns 553,934 shares of Class B Common Stock through each of the Kim Family Living Trust, Surviving Spouse's Trust, Trust for Andrea, Trust for Solomon and Trust for Joy.
• Kim David Wook Jin indirectly owns 130,093 shares of Class A Common Stock through Put Call Forever LP.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of an insider stock purchase. While insider buying can be seen as a positive signal, it's a relatively small transaction and doesn't necessarily indicate a major shift in the company's outlook.

Positives

• The Co-CEO's purchase of company stock could be interpreted as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The level of detail provided in this filing is consistent with SEC requirements.

Stakeholder Impact

• The stock purchase could have a minor positive impact on shareholder sentiment.

Key Dates