Form 4: Grocery Outlet Director Erik Ragatz Acquires 110,000 Shares

Grocery Outlet director Erik Ragatz acquired 110,000 shares of common stock at $18.25 per share on November 15, 2024.

Summary

• Director Erik Ragatz purchased 110,000 shares of Grocery Outlet Holding Corp. common stock on November 15, 2024, at a price of $18.25 per share.
• Following this transaction, Mr. Ragatz's total beneficial ownership includes 539,785 shares held indirectly through a limited partnership.
• He also has direct ownership of 37,789 shares, indirect ownership of 5,200 shares through his spouse, 38,000 shares through a 401k plan, and 36,500 shares through a revocable trust.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director purchasing a significant number of shares often indicates confidence in the company's future.

Positives

• The purchase of 110,000 shares by a director may signal confidence in the company's future prospects.
• The director's increased stake in the company aligns his interests with those of other shareholders.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transaction is typical for directors who may buy or sell shares in their company.

Stakeholder Impact

• The purchase may positively influence shareholder confidence.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Grocery Outlet, insider trading, stock purchase, Erik Ragatz, director, share acquisition, beneficial ownership