Form 4: Lendway Director Matthew Kelly Reports Acquisition of Common Stock Equivalents

Director Matthew Kelly reports acquisition of 1,133 common stock equivalents in Lendway, Inc. through a deferred compensation plan.

Summary

• On March 31, 2025, Matthew Kelly, a director of Lendway, Inc., acquired 1,133 common stock equivalents.
• The acquisition was made through the Lendway, Inc. Deferred Compensation Plan for Directors.
• These common stock equivalents are the economic equivalent of one share of Lendway, Inc. common stock each.
• Kelly now beneficially owns 6,258 derivative securities.
• The common stock equivalents will be settled in Lendway, Inc. common stock upon separation from service or in cash upon a change in control of the company.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company through a deferred compensation plan is generally a good sign, indicating confidence in the company's future performance.

Positives

• The acquisition of common stock equivalents by a director signals confidence in the company's future.

Future Outlook

The common stock equivalents will be settled in Lendway, Inc. common stock upon separation from service with the Company or in cash upon an earlier change in control of the Company.

Industry Context

Directors often participate in deferred compensation plans as a way to align their interests with the long-term performance of the company. This is a fairly standard practice.

Related Party Transactions

• The acquisition of common stock equivalents through the Lendway, Inc. Deferred Compensation Plan for Directors constitutes a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates

Keywords

Form 4, Lendway, Director, Matthew Kelly, Common Stock Equivalent, Deferred Compensation Plan, Beneficial Ownership, LDWY