4/A: Mannatech Director Corrects Form 4 Filing Regarding Derivative Securities Acquisition
SEC Filing Amendment
Robert Toth, a director at Mannatech Inc., filed an amended Form 4 to correct the number of derivative securities acquired on November 20, 2024.
Summary
- Robert Toth, a director of Mannatech Inc. [MTEX], filed an amendment to a Form 4.
- The amendment corrects the number of derivative securities acquired on November 20, 2024.
- The original filing on November 22, 2024, incorrectly stated the number of derivative securities acquired as 1,167.
- The corrected filing shows that 1,667 derivative securities were acquired.
- Toth directly owns 88,444 shares of Mannatech common stock.
- Toth also directly owns 3,334 derivative securities related to the right to purchase common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating standard corporate governance practices. There is no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 11/20/2024 | Date of the transaction involving derivative securities acquisition. |
| 11/20/2024 | Date exercisable for the right to purchase common stock. |
| 11/20/2034 | Expiration date for the right to purchase common stock. |
| 11/22/2024 | Date of the original Form 4 filing with the incorrect information. |
| 03/17/2025 | Date of the amended filing. |
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