Form 4: LifeMD CEO Justin Schreiber Reports Gift of Shares to Children
SEC Form 4 Filing
LifeMD CEO Justin Schreiber reported gifting shares of common stock to his children and Schreiber Holdings LLC.
Summary
- On March 19, 2025, Justin Schreiber, the Chairman and CEO of LifeMD, Inc., reported a transaction involving LifeMD's common stock.
- Schreiber gifted 27,994 shares to Schreiber Holdings LLC, 13,997 shares to Child 1, and 13,997 shares to Child 2.
- The price per share for these gifts was $0.
- Following these transactions, Schreiber indirectly owns 2,625,721 shares through Schreiber Holdings LLC, 13,997 shares through Child 1, and 13,997 shares through Child 2.
- Schreiber also disposed of 200,000 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The gifting of shares may have a minor impact on shareholders due to the change in ownership structure, but it's unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 03/19/2025 | Date of transaction: gift of shares to Schreiber Holdings LLC, Child 1, and Child 2. |
| 03/20/2025 | Date of signature for the Form 4 filing. |
Keywords
LifeMD, LFMD, Justin Schreiber, Form 4, Beneficial Ownership, Stock Gift, Schreiber Holdings LLC, Child 1, Child 2, Director, CEO
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