Form 4: Lazydays Holdings Director James J. Fredlake Reports Acquisition of Restricted Stock Units

James J. Fredlake, a director at Lazydays Holdings, Inc., reported the acquisition of 16,667 restricted stock units and a change in indirect ownership via a trust.

Summary

• James J. Fredlake, a director of Lazydays Holdings, Inc., filed a Form 4 with the SEC.
• The report details the acquisition of 16,667 shares of common stock in the form of restricted stock units on October 9, 2024, at a price of $0.
• These restricted stock units are subject to time-based vesting provisions.
• Fredlake also reported indirect ownership of 4,544 shares held by the James J. Fredlake Revocable Trust of 2017, where he serves as trustee and beneficiary.
• A Power of Attorney was executed on October 9, 2024, appointing Jeff Huddleston, Ronald Fleming, and Amber Dillard as attorneys-in-fact to handle SEC filings.
• The Power of Attorney grants them the authority to prepare and submit SEC filings on Fredlake's behalf, including Forms 3, 4, 5, Schedules 13D and 13G, and Forms 144.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It reflects standard insider trading disclosures.

Positives

• The acquisition of restricted stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies. This filing indicates changes in beneficial ownership by a company director.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The information disclosed in this Form 4 is consistent with the type of information typically reported in such filings, including the nature of the transaction, the number of securities involved, and the reporting person's relationship to the issuer.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a company director, which can influence investor sentiment.

Key Dates