Form 4: The Joint Corp Director Matthew Rubel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Matthew Rubel reported the acquisition and disposal of common stock in The Joint Corp on May 22, 2024, according to a Form 4 filing.
Summary
- On May 22, 2024, Matthew Rubel, a director of The Joint Corp, reported a transaction involving the company's common stock.
- Rubel acquired 2,958 shares and disposed of 12,468 shares.
- Following the reported transaction, Rubel beneficially owns 12,468 shares of common stock.
- The acquired shares are restricted and will vest on the earlier of May 22, 2025, or the date of the next annual meeting of stockholders.
- Rubel has granted a Limited Power of Attorney to Peter Holt, Jake Singleton, and Kelly Vargas for Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Form 4) detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to insider trading and is required by the SEC to ensure transparency and prevent illegal activities. It does not provide specific insights into the company's operational performance or strategic direction.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock acquisition and disposal transaction. |
| 05/22/2025 | Vesting date for restricted shares (or earlier date of next annual meeting). |
| 05/23/2024 | Date of Limited Power of Attorney execution. |
| 05/24/2024 | Date of signature for the Form 4 filing. |
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