Form 4: LM Funding America CFO Reports Acquisition of Warrants and Stock Options
SEC Form 4 Filing
Richard D. Russell, CFO of LM Funding America, reports transactions involving warrants and stock options.
Summary
- Richard D. Russell, the Chief Financial Officer of LM Funding America, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions related to warrants and stock options.
- The transactions occurred on May 21, 2024.
- The reporting person directly owns 112,547 shares of common stock.
- The reporting person also owns warrants for 329,933.17 shares of common stock at an exercise price of $0.2648, exercisable in full.
- Additionally, the reporting person holds stock options for 166,667 shares at an exercise price of $4.284, vesting in two tranches on April 20, 2024, and April 20, 2025.
- The reporting person also holds stock options for 250 shares at an exercise price of $300 and 83 shares at an exercise price of $3,000, both presently exercisable in full.
- All amounts of securities reported on this Form 4 have been adjusted to reflect the 6 to 1 Reverse Stock Split.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider transactions.
Positives
- The CFO's increased holdings could be interpreted as a sign of confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders gain insight into the financial activities of the company's CFO.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Effective date of 6 to 1 reverse stock split. |
| 04/20/2024 | One-half of the option shares vest. |
| 04/20/2025 | One-half of the option shares vest. |
| 05/21/2024 | Date of reported transactions. |
| 05/22/2024 | Date of signature. |
| 10/19/2026 | Expiration date of warrants. |
| 11/29/2027 | Expiration date of stock options for 83 shares. |
| 05/29/2028 | Expiration date of stock options for 250 shares. |
| 04/20/2033 | Expiration date of stock options for 166,667 shares. |
Keywords
Form 4, LM Funding America, CFO, Richard D. Russell, Beneficial Ownership, Stock Options, Warrants, LMFA
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