Form 4: Longeveron Inc. CFO Lisa Locklear Reports Stock Disposal Following Reverse Stock Split
SEC Form 4 Filing
Lisa Locklear, CFO of Longeveron Inc., reports the disposal of 410 shares of Class A Common Stock to cover tax obligations following a one-for-ten reverse stock split.
Summary
- On May 2, 2024, Lisa Locklear, the Chief Financial Officer of Longeveron Inc. (LGVN), disposed of 410 shares of Class A Common Stock.
- The transaction was executed at a price of $2.83 per share.
- This disposal was related to tax obligations.
- Following the transaction, Locklear directly owns 3,273 shares of Longeveron Inc.
- The report also notes a one-for-ten reverse stock split undertaken by Longeveron Inc. in April 2024.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions by a company insider. It doesn't contain information that would strongly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The disposal of shares by the CFO could be perceived neutrally by shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/2024 | One-for-ten reverse stock split undertaken by Issuer |
| 05/02/2024 | Transaction Date: Lisa Locklear disposed of 410 shares of Class A Common Stock |
| 05/06/2024 | Date of signature for the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.