Form 4: MainStreet Bancshares Director Manouchehri Acquires Common Stock, Disposes of Depositary Shares
SEC Form 4 Filing
Ali R. Manouchehri, a director at MainStreet Bancshares, recently purchased 500 shares of common stock and disposed of 500 depositary shares.
Summary
- On June 4, 2024, Ali R. Manouchehri, a director of MainStreet Bancshares, Inc., engaged in a transaction involving the company's securities.
- Manouchehri acquired 500 shares of common stock at a price of $16.31 per share.
- Concurrently, Manouchehri disposed of 500 depositary shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a director's stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) trade in the company's securities. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: purchase of common stock and disposal of depositary shares. |
| 06/06/2024 | Date of signature on the Form 4 filing. |
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.