Form 4: MGO Global Inc. Executive Julian Groves Acquires Shares and Reports Beneficial Ownership

Julian Groves, Chief Operating Officer of MGO Global Inc., reports acquiring shares of restricted common stock and beneficial ownership of shares through Globally Digital Ltd.

Summary

• On August 5, 2024, Julian Groves, the Chief Operating Officer of MGO Global Inc., acquired 4,987 shares of restricted common stock.
• These shares vested on the grant date and were issued under the company's 2022 Equity Incentive Plan.
• The transaction price was $0.
• Following this transaction, Groves directly owns 153,664 shares of common stock.
• Groves also indirectly owns 15,000 shares through Globally Digital Ltd., a company he owns and controls.
• All share amounts are adjusted for the 10-for-1 reverse stock split that occurred on July 18, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.

Positives

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

Industry Context

This filing is a routine disclosure related to insider trading and beneficial ownership, which is common for publicly traded companies. It provides transparency into the transactions of company executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key executive.

Key Dates

Keywords

MGO Global Inc., Julian Groves, Chief Operating Officer, restricted stock, beneficial ownership, Globally Digital Ltd., Equity Incentive Plan, Form 4, reverse stock split