Form 4: LM Funding America VP of Operations Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Ryan H. Duran, Vice President of Operations at LM Funding America, sold 500 shares of common stock at $2.58 per share on December 18, 2024, under a pre-arranged trading plan.
Summary
- On December 18, 2024, Ryan H. Duran, the Vice President of Operations at LM Funding America, sold 500 shares of the company's common stock.
- The sale was executed at a price of $2.58 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan previously adopted by Duran.
- Following the sale, Duran still beneficially owns 12,818 shares of LM Funding America's common stock.
- Duran also holds options to purchase a significant number of shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan, so it doesn't convey strong positive or negative sentiment.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 01/04/2026 | Expiration date for stock options to buy 14 shares at $3,000. |
| 05/29/2028 | Expiration date for stock options to buy 83 shares at $300. |
| 10/28/2031 | Expiration date for stock options to buy 29,167 shares at $35.7. |
| 04/20/2024 | First vesting date for stock options to buy 41,667 shares at $4.506. |
| 04/20/2025 | Second vesting date for stock options to buy 41,667 shares at $4.506. |
| 12/18/2024 | Date of stock sale transaction. |
| 12/19/2024 | Date of Form 4 filing. |
Keywords
LM Funding America, LMFA, Ryan H. Duran, Form 4, insider trading, Rule 10b5-1, stock sale, options, beneficial ownership
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