Form 4: ICTS International N.V. Director Corrects Erroneous Share Transfer

Menachem Atzmon, a director and 10% owner of ICTS International N.V., reports the correction of an erroneous transfer of 400,000 shares.

Summary

• Menachem Atzmon, a director and 10% owner of ICTS International N.V., filed a Form 4 to report a correction of an erroneous share transfer.
• On September 18, 2024, 400,000 shares of common stock were mistakenly transferred.
• These shares are being returned to correct the error, with no consideration involved in the transfer.
• Following the correction, Mr. Atzmon directly owns 5,250,000 shares.
• Additionally, 23,818,861 shares are indirectly owned through the Mac Pherson Atzmon Family Trust, in which Mr. Atzmon disclaims any beneficial interest.

Sentiment

Score: 7

Explanation: The document describes a correction of an error, which is neutral to slightly positive as it demonstrates compliance and transparency. There are no indications of financial distress or negative performance.

Management Comments

• Mr. Atzmon disclaims any beneficial interest in the Mac Pherson Atzmon Family Trust.

Industry Context

This filing is a routine disclosure related to insider trading activities and beneficial ownership, ensuring transparency in the market.

Stakeholder Impact

• The correction of the erroneous share transfer ensures accurate reporting of beneficial ownership, which is important for shareholders.

Key Dates