Form 4: Medicine Man Technologies Director Brad Stewart Reports Changes in Beneficial Ownership

Director Brad Stewart reports acquisition and disposal of Medicine Man Technologies (SHWZ) common stock on June 28, 2024, according to a Form 4 filing.

Summary

• On June 28, 2024, Brad Stewart, a director of Medicine Man Technologies, Inc. (SHWZ), reported changes in beneficial ownership of the company's common stock.
• Stewart acquired 72,436 shares of common stock at a price of $0.
• These shares were granted as compensation for service on the board of directors, with an aggregate value of $28,250 based on the closing price on June 28, 2024.
• Stewart also disposed of 72,436 shares.
• Following these transactions, Stewart beneficially owns 215,895 shares of Medicine Man Technologies common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing. The acquisition of shares by a director is mildly positive, but the disposal offsets this.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. It is common for directors to receive stock as part of their compensation.

Stakeholder Impact

• Shareholders are informed about the transactions of a company insider, providing transparency.

Key Dates

Keywords

beneficial ownership, Form 4, Medicine Man Technologies, SHWZ, director, Brad Stewart, common stock, acquisition, disposal