Form 4: NewtekOne CEO Barry Sloane Reports Stock Purchases and Gift

Barry Sloane, Chairman and CEO of NewtekOne, Inc., reported purchasing shares of common stock and gifting shares to a trust.

Summary

• Barry Sloane, the Chairman and CEO of NewtekOne, Inc. [NEWT], filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On September 23, 2024, Sloane purchased a total of 40,134 shares of common stock in multiple transactions at prices ranging from $11.68 to $11.9195 per share.
• On September 24, 2024, Sloane gifted 40,134 shares to the CAMCO ONE IRREVOCABLE TRUST.
• Following these transactions, Sloane directly owns 1,147,323 shares of NewtekOne, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The CEO purchased shares, which is generally positive, but also gifted a similar amount, which offsets the positive signal. The overall impact is likely minimal.

Positives

• The CEO's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The stock purchase may have a slightly positive impact on shareholder sentiment.

Key Dates