Form 4: Limitless X Holdings Director Acquires 100,000 Shares in Board Appointment

Arthur Melik Sarkissian, a director at Limitless X Holdings, acquired 100,000 shares of common stock as part of his board appointment.

Summary

• Arthur Melik Sarkissian, a director of Limitless X Holdings, acquired 100,000 shares of the company's common stock.
• The shares were granted on January 3, 2025, as part of his appointment to the board of directors.
• The acquisition was a direct transaction, meaning the shares are held directly by Mr. Sarkissian.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to a board appointment, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• A director receiving shares as part of their appointment can be seen as a positive sign of alignment with the company's interests.
• The acquisition increases the director's stake in the company.

Industry Context

This type of transaction is common when a new director joins a company's board, often as part of their compensation package.

Comparison to Industry Standards

• Granting shares to directors is a standard practice across many industries to align their interests with those of the shareholders.
• The number of shares granted can vary widely depending on the company's size, stage, and the director's role.

Stakeholder Impact

• The share acquisition increases the director's stake in the company, aligning their interests with shareholders.
• This type of transaction is generally viewed positively by investors.

Key Dates

Keywords

Limitless X Holdings, Director, Share Acquisition, Board Appointment, Common Stock, SEC Form 4, Arthur Sarkissian