Form 4: Lifeloc Technologies Director Michael Kornelsen Acquires Shares
SEC Form 4 Filing
Director Michael Kornelsen reports purchasing 2,132 shares of Lifeloc Technologies at $3.80 per share.
Summary
- Michael Kornelsen, a director of Lifeloc Technologies, Inc., reported a transaction on July 23, 2024.
- Kornelsen acquired 2,132 shares of common stock at a price of $3.80 per share.
- Following the transaction, Kornelsen directly owns no shares but indirectly owns 27,500 shares through EDCO Partners LLLP, where he is a limited partner but exercises no voting or investment control.
- The reporting person signed the form on July 25, 2024.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock acquisition by a director, with no inherent positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company directors and officers.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider confidence, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 07/23/2024 | Date of transaction: Michael Kornelsen purchased shares of Lifeloc Technologies. |
| 07/25/2024 | Date of signature: Michael Kornelsen signed the Form 4. |
Keywords
Lifeloc Technologies, LCTC, Form 4, Beneficial Ownership, Director, Michael Kornelsen, Stock Acquisition, EDCO Partners LLLP
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