Form 4: Holley Inc. CEO Matthew Stevenson Reports Routine Stock Vesting and Tax Withholding Transaction

Holley Inc.'s President and CEO, Matthew Stevenson, reported a routine disposition of 102,875 shares of common stock to cover tax withholding obligations upon the vesting of restricted stock.

Summary

• Matthew Stevenson, President and CEO, and a Director of Holley Inc. (HLLY), filed a Form 4 statement.
• The filing reports a transaction on June 6, 2025, involving the disposition of 102,875 shares of Holley Inc. Common Stock.
• This disposition was an 'F' transaction code, indicating shares automatically withheld by the issuer to cover required tax withholding upon the vesting of restricted stock.
• The shares were withheld from a total of 250,000 restricted shares of common stock that vested on June 6, 2025.
• The fair market value used for calculating the withheld shares was the closing price of HLLY common stock on June 6, 2025, which was $2.12 per share.
• Following this transaction, Matthew Stevenson beneficially owns 2,213,961 shares of Holley Inc. Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine administrative transaction (tax withholding on stock vesting) and does not reflect a discretionary sale or purchase by the insider, nor does it provide operational or financial performance updates.

Positives

• The transaction indicates the vesting of 250,000 restricted shares for the CEO, which is a positive for executive compensation and retention.

Negatives

• The disposition of shares, while for tax purposes, reduces the CEO's direct beneficial ownership by 102,875 shares.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• "This amount represents shares automatically withheld upon the vesting of 250,000 restricted shares of common stock on June 6, 2025 to cover required tax withholding."
• "The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on June 6, 2025."

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive dynamics. It reflects standard executive compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: This is a routine administrative transaction and is unlikely to have a significant direct impact on shareholders. It reflects the vesting of previously granted equity compensation.

Key Dates

Keywords

Holley Inc., HLLY, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Matthew Stevenson, CEO, Director, Equity Compensation