Form 4: Lifeloc Technologies CFO Acquires Shares in Recent Transaction

Vern D. Kornelsen, CFO of Lifeloc Technologies, Inc., recently acquired shares of common stock in a transaction dated July 23, 2024.

Summary

• On July 23, 2024, Vern D. Kornelsen, the Chief Financial Officer of Lifeloc Technologies, Inc. (LCTC), acquired 45,620 shares of common stock at a price of $3.80 per share.
• Following this transaction, Kornelsen beneficially owns 2,006,288 shares indirectly through EDCO Partners LLLP.
• Kornelsen is the general partner of both EDCO Partners LLLP and Enroxtech, Inc.
• EDCO Partners LLLP holds 1,862,733 shares on behalf of Kornelsen and 38,206 shares on behalf of Enroxtech, Inc.
• Kornelsen exercises voting or investment control over the 2,006,288 shares held by EDCO Partners, LLLP.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a transaction. The CFO buying shares is generally a positive sign, but without more context, it's difficult to gauge the overall impact.

Positives

• The CFO's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This transaction is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company executives and their confidence in the company's stock.

Stakeholder Impact

• Shareholders may view the CFO's purchase as a positive signal, potentially increasing investor confidence.

Key Dates

Keywords

Lifeloc Technologies, LCTC, Vern D. Kornelsen, CFO, share acquisition, EDCO Partners LLLP, Enroxtech, Inc., beneficial ownership, Form 4