4/A: Mannatech Director Stanley Fredrick J Amends Filing to Correctly Report Beneficial Ownership

Stanley Fredrick J, a director at Mannatech Inc, filed an amended Form 4 to correct the number of securities beneficially owned, reporting a total of 354,289 shares.

Summary

• Stanley Fredrick J, a director of Mannatech Inc, filed an amended Form 4 with the SEC.
• The amendment corrects an error in the original filing from January 5, 2024, regarding the number of securities beneficially owned.
• The corrected filing indicates that Stanley Fredrick J beneficially owns a total of 354,289 shares of Mannatech Inc common stock.
• This includes 229,289 shares held directly and 125,000 shares held indirectly through JSF Resources LTD Partnership.
• JSF Resources LTD is owned by FSJ Secure Trust, of which Stanley Fredrick J is the sole beneficiary.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. It doesn't indicate any significant positive or negative developments for the company, but the correction itself suggests attention to detail and compliance.

Industry Context

This filing is a routine disclosure related to insider trading and beneficial ownership, which is a standard practice for publicly traded companies. It doesn't necessarily reflect broader industry trends but ensures transparency in the market.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies like Mannatech, similar to filings made by insiders at companies like Herbalife or Nu Skin.
• The level of detail provided in this filing is consistent with SEC requirements for disclosing changes in beneficial ownership, mirroring the disclosures made by executives at comparable companies.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders regarding insider ownership.
• This promotes transparency and trust in the company's management.

Key Dates