Form 4: NewtekOne Director and Bank President Peter Downs Increases Stake with Common Stock Purchase

NewtekOne, Inc. Director and President of Newtek Bank, N.A., Peter Downs, has acquired an additional 500 shares of the company's common stock.

Summary

• Peter Mathison Downs, who serves as a Director of NewtekOne, Inc. and President of Newtek Bank, N.A., purchased 500 shares of NewtekOne, Inc. common stock.
• The transaction took place on May 29, 2025, with each share acquired at a price of $11.07.
• Following this acquisition, Mr. Downs' beneficial ownership of NewtekOne, Inc. common stock totals 94,185 shares.

Sentiment

Score: 8

Explanation: The insider purchase by a key executive and director is a strong positive signal, indicating confidence in the company's future. While the transaction volume is modest, the act itself is significant for market sentiment.

Positives

• The purchase of company stock by a key executive and director, Peter Downs, signals strong confidence in NewtekOne, Inc.'s future performance and valuation.
• This insider buying activity further aligns management's interests with those of the shareholders, potentially boosting investor confidence.

Future Outlook

The document, an SEC Form 4, reports an insider transaction and does not provide forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider purchases, especially by high-ranking executives and directors, are generally interpreted as a positive indicator within the financial services industry, suggesting that those with intimate knowledge of the company believe in its current valuation and future growth prospects.

Related Party Transactions

• The reported transaction is a related party transaction, involving the purchase of company common stock by Peter Downs, a Director and Officer of NewtekOne, Inc.

Stakeholder Impact

• Shareholders: The insider purchase may enhance confidence among existing and potential shareholders, as it aligns management's financial interests with their own and suggests a belief in future stock appreciation.
• Employees: While not directly impacted, a positive signal from leadership can indirectly contribute to employee morale and confidence in the company's direction.

Next Steps

• Peter Downs will continue to be subject to Section 16 reporting requirements for any future changes in his beneficial ownership of NewtekOne, Inc. securities.

Key Dates

Recommendation

Keywords

NewtekOne, NEWT, Insider Trading, Stock Purchase, Peter Downs, Director, Officer, Bank, Financial Services, SEC Form 4