Form 4: Hour Loop Director Minghui Gao Receives and Disposes of Shares
SEC Form 4 Filing
Director Minghui Gao of Hour Loop, Inc. reports acquisition and disposal of common stock on October 2, 2024.
Summary
- On October 2, 2024, Minghui Gao, a director of Hour Loop, Inc., acquired 2,196 shares of common stock.
- These shares were granted as compensation for services rendered under the company's 2023 Equity Incentive Plan.
- The price per share for the acquisition was $0.
- Following the transaction, Gao disposed of 2,196 shares.
- After the reported transactions, Gao beneficially owns 19,322 shares of Hour Loop, Inc.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't convey any strong positive or negative sentiment.
Positives
- The grant of shares indicates the company's commitment to compensating its directors through equity.
Industry Context
This filing is a routine disclosure related to insider transactions and equity compensation, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of transaction: Acquisition and disposal of common stock. |
| 10/03/2024 | Date of signature. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.