4/A: Lithia Motors Director Amends Filing to Disclose Additional Stock Sales
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Sidney B. Deboer, a director at Lithia Motors Inc., amended a previous SEC filing to report additional sales of common stock that were initially omitted due to an administrative error.
Summary
- Sidney B. Deboer, a director of Lithia Motors Inc. [LAD], filed an amended Form 4 with the SEC on August 23, 2024, to correct an error in a previous filing.
- The amendment reports additional sales of Lithia Motors Inc. common stock that were inadvertently omitted from the original Form 4 filed on the same date.
- The transaction involved the sale of 5,000 shares at a price of $285 per share.
- Following the reported transaction, Deboer directly owns 30,773 shares of Lithia Motors Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing is an amendment to correct an administrative error in reporting stock sales. It doesn't inherently indicate a positive or negative outlook for the company.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. This particular filing is an amendment to correct an error, which is less indicative than a planned sale or purchase.
Stakeholder Impact
- The corrected disclosure ensures transparency for shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of the original transaction and the original filing which was later amended. |
| 08/23/2024 | Date of the amended filing (Form 4/A) to report additional stock sales. |
| 05/14/2025 | Date of signature on the report. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Sales, Lithia Motors, LAD, Sidney B. Deboer, Director
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