4/A: Mill City Ventures CEO Douglas Polinsky Amends Share Purchase Disclosure

Mill City Ventures CEO Douglas Polinsky amended a previous filing to correct the number of shares purchased on November 26, 2024.

Summary

• This document is an amended SEC Form 4 filing by Douglas Polinsky, CEO of Mill City Ventures III, Ltd.
• The amendment corrects the number of common stock shares purchased on November 26, 2024.
• The original filing incorrectly stated that 9,900 shares were purchased at $1.90 per share.
• The corrected filing shows that 2,701 shares were purchased at $1.90 per share on November 26, 2024.
• Additionally, 403 shares were purchased at $1.95 per share on the same day.
• A further 100 shares were purchased at $1.82 per share on November 25, 2024.
• Following these transactions, Polinsky's total direct holdings are 265,967 shares.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previous filing. While the error is a minor negative, the correction is a positive sign of compliance.

Negatives

• The original filing contained an error regarding the number of shares purchased.

Risks

• Errors in SEC filings can raise concerns about internal controls and accuracy of reporting.

Industry Context

This is a standard SEC filing related to insider trading activity, which is common for publicly traded companies. The amendment highlights the importance of accurate reporting.

Comparison to Industry Standards

• SEC Form 4 filings are a standard requirement for company insiders who trade their company's stock.
• The amendment process is also standard when errors are identified in the original filing.
• Companies like Apple, Microsoft, and Tesla also have similar filings when their executives trade shares.

Stakeholder Impact

• The correction of the filing ensures transparency for shareholders.

Key Dates

Keywords

SEC Form 4, amendment, share purchase, Douglas Polinsky, Mill City Ventures, insider trading, beneficial ownership