Form 4: Innovative Food Holdings Director Acquires Shares in Private Transaction

Denver Johnson Smith, a director at Innovative Food Holdings, acquired 31,250 shares of common stock through a private transaction on December 5, 2024.

Summary

• Denver Johnson Smith, a director of Innovative Food Holdings Inc., purchased 31,250 shares of common stock on December 5, 2024.
• The shares were acquired at a price of $1.60 per share.
• The transaction was made pursuant to a securities purchase agreement dated November 30, 2024.
• Following the transaction, Mr. Smith's total beneficial ownership includes 2,784,100 shares held indirectly through CRC Founders Fund, LP, 703,851 shares held directly, 744,804 shares held indirectly through 73114 Investments, LLC, 60,000 shares held indirectly through Youth Properties, LLC, and 45,820 shares held indirectly through Paratus Capital, LLC.
• Mr. Smith disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a director's share purchase. It is neither particularly positive nor negative, but the purchase could be interpreted as a sign of confidence.

Positives

• The director's purchase of shares could be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies, and this filing is consistent with those requirements.
• The transaction is a relatively small purchase compared to the total shares held by the director, which is not unusual for insider transactions.

Stakeholder Impact

• The share purchase may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

beneficial ownership, Form 4, director, share acquisition, securities purchase, Innovative Food Holdings, IVFH, Denver Johnson Smith