Form 4: Inuvo CFO Wallace D. Ruiz Reports Stock Transactions
SEC Form 4 Filing
Wallace D. Ruiz, CFO of Inuvo, Inc., reports the acquisition and disposal of common stock and restricted stock units on April 1, 2024.
Summary
- On April 1, 2024, Wallace D. Ruiz, the CFO of Inuvo, Inc., engaged in transactions involving the company's stock.
- Ruiz acquired 75,000 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Ruiz disposed of 38,925 shares of common stock at a price of $0.3372 per share.
- Following these transactions, Ruiz directly owns 824,880 shares of Inuvo, Inc. common stock.
- Ruiz also holds 150,000 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The filing ensures transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock transactions (acquisition and disposal of shares, vesting of restricted stock units). |
| 04/01/2026 | Expiration date of restricted stock units. |
| 04/03/2024 | Date of signature for the SEC Form 4 filing. |
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.