Form 4: Horizon Kinetics CEO Murray Stahl Reports Share Transactions

Horizon Kinetics CEO Murray Stahl reported the acquisition of shares and details of his beneficial ownership following a recent merger.

Summary

• Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp, reported acquiring 14 shares of common stock on December 6, 2024, at a price of $40 per share.
• These transactions increased his direct holdings by 8 shares and indirect holdings by 6 shares.
• Following these transactions, Mr. Stahl's total direct holdings are 248,738 shares, and his indirect holdings include 8,216,527 shares through various entities.
• Many of the shares reported were received on August 1, 2024, in connection with the merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc (HKHC).
• A significant portion of these shares are not available for trading.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment. It simply reports transactions.

Management Comments

• Mr. Stahl disclaims beneficial ownership over the majority of the indirectly held shares, except to the extent of his pecuniary interest.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the ownership changes of key personnel.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The level of detail provided in this filing is consistent with regulatory requirements.
• Similar filings are made by insiders of other publicly traded companies such as Berkshire Hathaway, JP Morgan Chase, and Apple.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of the company's stock by its CEO.

Key Dates

Keywords

Horizon Kinetics, Murray Stahl, share acquisition, beneficial ownership, merger, HKHC, insider trading, SEC Form 4