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

Director Matthew Kelly reports acquisition of 1,192 common stock equivalents in Lendway, Inc. through a deferred compensation plan.

Summary

• On September 30, 2024, Matthew Kelly, a director of Lendway, Inc., acquired 1,192 common stock equivalents.
• These common stock equivalents were obtained through the Lendway, Inc. Deferred Compensation Plan for Directors.
• The price was $3.564 per common stock equivalent.
• Following the transaction, Kelly directly owns 4,249 common stock equivalents.
• These 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 as it reflects a director's increased stake in the company through a standard compensation mechanism.

Positives

• The director's participation in the Deferred Compensation Plan demonstrates confidence in the company's future.

Future Outlook

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.

Industry Context

Directors using deferred compensation plans are common in publicly traded companies. It aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's confidence in the company.

Key Dates

Keywords

Lendway, Inc., Director, Matthew Kelly, Common Stock Equivalent, Deferred Compensation Plan, Form 4, Beneficial Ownership, Securities