Form 4: LM Funding America: Executive Bruce Rodgers Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bruce M. Rodgers, Chairman, CEO, and President of LM Funding America, reports changes in his beneficial ownership of company stock and derivative securities.
Summary
- Bruce M. Rodgers, Chairman, CEO, and President of LM Funding America, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The reported transactions include the acquisition and disposal of common stock and derivative securities.
- Rodgers directly owns 108,333 shares of common stock.
- He indirectly owns 15,415 shares through CGR63, LLC, 137 shares through BRR Holding, LLC, 20 shares through his IRA, and 7 shares through Carollinn Gould's IRA.
- Rodgers also indirectly owns a warrant for 343,399.83 shares of common stock through BRRR, LLC, exercisable at $0.2648.
- He directly owns options to buy 166,667 shares of common stock at an exercise price of $4.284, vesting in two tranches on April 20, 2024, and April 20, 2025.
- All share amounts have been adjusted to reflect a 6-for-1 reverse stock split effective March 12, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in Bruce Rodgers' holdings, which may be of interest to investors.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Effective date of the 6-for-1 reverse stock split. |
| 04/20/2024 | Date when one-half of the stock options vest. |
| 04/20/2025 | Date when the remaining one-half of the stock options vest. |
| 05/21/2024 | Date of the transaction reported in the Form 4. |
| 10/19/2026 | Expiration date of the warrant. |
| 04/20/2033 | Expiration date of the stock options. |
| 05/22/2024 | Date of signature on the Form 4. |
Keywords
beneficial ownership, Form 4, LM Funding America, Bruce Rodgers, stock options, warrant, reverse stock split, LMFA
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