Form 4: NewLake Capital Partners Director David L. Weinstein Sells Shares
SEC Form 4
Director David L. Weinstein sold shares of NewLake Capital Partners (NLCP) on December 17 and 18, 2024.
Summary
- David L. Weinstein, a director of NewLake Capital Partners, Inc. (NLCP), sold shares of the company's common stock.
- On December 17, 2024, he sold 3,856 shares at a weighted average price of $19.44, with prices ranging from $19.40 to $19.56.
- On December 18, 2024, he sold 6,000 shares at a price of $19.20.
- Following these transactions, Weinstein directly owns 53,767 shares of NLCP common stock.
- A Form 144 covering the sale of the Issuer's common stock reported in Table I was filed with the Securities and Exchange Commission on December 16, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales by a director. It doesn't inherently indicate positive or negative sentiment, but insider selling can sometimes be viewed with caution.
Negatives
- A director selling shares could be perceived negatively by investors.
Risks
- Further sales by the director could put downward pressure on the stock price.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- Shareholders may react to the news of the director's stock sales.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Form 144 covering the sale of the Issuer's common stock reported in Table I was filed with the Securities and Exchange Commission |
| 12/17/2024 | Director David L. Weinstein sold 3,856 shares at a weighted average price of $19.44. |
| 12/18/2024 | Director David L. Weinstein sold 6,000 shares at a price of $19.20. |
| 12/19/2024 | Date of signature for the Form 4 filing. |
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