Form 4: Hennessy Advisors Director Thomas L. Seavey Sells Shares
SEC Form 4 Filing
Director Thomas L. Seavey of Hennessy Advisors Inc. reports selling shares of common stock on December 17 and 18, 2024.
Summary
- Thomas L. Seavey, a director of Hennessy Advisors Inc., sold 7,269 shares of common stock on December 17, 2024, at a weighted average price of $12.0975.
- Following this transaction, Seavey beneficially owned 83,160 shares.
- On December 18, 2024, Seavey sold an additional 1,657 shares at a weighted average price of $11.8707, resulting in a beneficial ownership of 81,503 shares.
- The sales were executed under transaction code 'S', indicating a sale on the open market.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports the sale of shares by a director, which could be for various personal financial reasons and doesn't necessarily reflect a negative outlook on the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 12/17/2024 | Thomas L. Seavey sold 7,269 shares of common stock at a weighted average price of $12.0975. |
| 12/18/2024 | Thomas L. Seavey sold 1,657 shares of common stock at a weighted average price of $11.8707. |
| 12/19/2024 | Date of signature for the Form 4 filing. |
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