4/A: New Peoples Bankshares Director Corrects Share Purchase Reporting Error

Barton Scot Long, a director of a subsidiary bank of New Peoples Bankshares Inc., amended a previous Form 4 filing to correct the number of shares purchased on May 17, 2024.

Summary

• Barton Scot Long, a director of a subsidiary bank of New Peoples Bankshares Inc., filed an amendment to a previous Form 4 filing.
• The amendment corrects an administrative error in the original filing, which misreported the number of shares purchased on May 17, 2024.
• The original Form 4 incorrectly stated that 29,362 shares were purchased, while the corrected amount is 29,632 shares.
• The number of shares beneficially owned as reported in the original Form 4 is correct and remains unchanged in this amendment.
• The transaction involved the purchase of common stock at a price of $2.7 per share.
• Following the reported transaction, Long beneficially owns 88,780 shares of New Peoples Bankshares Inc.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previously filed form, indicating standard compliance procedures. The sentiment is neutral to slightly positive as it reflects transparency and adherence to regulations.

Positives

• The amendment ensures accurate reporting of share transactions by a company insider.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders and the public.

Key Dates