Form 4: Mill City Ventures CFO Reports Share Transfer Following Marital Dissolution
Insider Ownership Change
Mill City Ventures III, Ltd's Chief Financial Officer, Joseph Anthony Geraci II, reported the transfer of common stock and stock options to his ex-spouse pursuant to a marital-dissolution decree.
Summary
- Joseph Anthony Geraci II, Chief Financial Officer and Director of Mill City Ventures III, Ltd (MCVT), reported changes in his beneficial ownership of company securities.
- He transferred 115,469 shares of common stock to his ex-spouse on June 30, 2025, as part of a marital-dissolution decree.
- Additionally, 125,000 non-qualified stock options were transferred to his ex-spouse on June 24, 2025, also pursuant to the marital-dissolution decree.
- Both transfers were reported with a price of $0.00, indicating they were not market sales.
- Following these transactions, Mr. Geraci directly beneficially owns 210,659 shares of common stock and 125,000 non-qualified stock options.
- He also indirectly beneficially owns 128,915 shares of common stock through Lantern Advisers LLC, disclaiming beneficial ownership of these shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction (transfer due to divorce) which is neutral in terms of company performance or outlook. It's neither positive nor negative for the company's operations or financial health.
Future Outlook
No forward-looking statements or guidance are provided.
Industry Context
This filing reports a personal transaction by an insider and does not provide information related to broader industry trends or competitive landscape.
Stakeholder Impact
- The transfer of shares to an ex-spouse has no direct impact on customers, suppliers, or creditors. It represents a change in the beneficial ownership structure for a portion of the company's shares, which is a matter of public record for shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/23/2022 | Date exercisable for the Non-Qualified Stock Option. |
| 11/22/2032 | Expiration date for the Non-Qualified Stock Option. |
| 06/24/2025 | Transaction date for the transfer of 125,000 Non-Qualified Stock Options. |
| 06/30/2025 | Transaction date for the transfer of 115,469 shares of Common Stock. |
| 07/09/2025 | Signature date of the reporting person on the Form 4 filing. |
Keywords
Mill City Ventures III, MCVT, Joseph Anthony Geraci II, Form 4, Insider Transaction, Beneficial Ownership, Stock Transfer, Marital Dissolution, Chief Financial Officer, Director
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