Form 4: Holley Inc. Executive Brian Appelgate Reports Stock Transaction

Brian Appelgate, Interim Chief Operating Officer of Holley Inc., reports the disposal of 27,841 shares to cover tax withholding upon vesting of restricted stock.

Summary

• On May 17, 2024, Brian Appelgate, Interim Chief Operating Officer of Holley Inc., disposed of 27,841 shares of common stock to cover required tax withholding.
• The shares were withheld upon the vesting of 86,059 restricted shares.
• The transaction was executed at a price of $3.85 per share.
• Following the transaction, Appelgate directly owns 207,040 shares of Holley Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency and compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Dorman Products and Standard Motor Products, reflecting standard corporate governance practices.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates