Form 4: MGO Global Inc. CFO Dana Perez Acquires Restricted Stock

Dana Perez, CFO of MGO Global Inc., acquired 2,640 shares of restricted common stock on August 5, 2024, according to a Form 4 filing.

Summary

• On August 5, 2024, Dana Perez, the Chief Financial Officer of MGO Global Inc. (MGOL), acquired 2,640 shares of restricted common stock.
• The shares were granted pursuant to the Restricted Stock Agreement under the MGO Global Inc. 2022 Equity Incentive Plan, as amended.
• The acquisition price was $0 per share, and the shares vested on the grant date.
• Following the transaction, Ms. Perez directly owns 34,937 shares of common stock.
• The filing also notes that the share amounts are adjusted for the 10-for-1 reverse stock split that took place on July 18, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by an executive, which doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of restricted stock by the CFO could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade in their company's stock. These filings provide transparency to the market about insider activity.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment, as it indicates the CFO's alignment with the company's interests.

Key Dates

Keywords

MGO Global Inc., Dana Perez, CFO, restricted stock, Form 4, equity incentive plan, beneficial ownership, MGOL