Form 4: Inuvo CFO Wallace Ruiz Reports Stock Transactions

Wallace Ruiz, CFO of Inuvo, Inc., reports the acquisition and disposal of common stock and restricted stock units on February 3, 2025.

Summary

• On February 3, 2025, Wallace Ruiz, the CFO of Inuvo, Inc., reported 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 37,736 shares of common stock to cover tax obligations at a price of $0.4581 per share.
• Following these transactions, Ruiz directly owns 862,144 shares of Inuvo, Inc. common stock.
• The reported transactions also involved restricted stock units, which vest 33.33% per year starting from the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates

Keywords

Inuvo, Wallace Ruiz, CFO, Form 4, Stock transaction, Restricted Stock Units, Beneficial Ownership