Form 4: NewtekOne Director Peter Downs Acquires 500 Shares of Common Stock

Peter Downs, a Director and President of Newtek Bank, N.A. at NewtekOne, Inc., purchased 500 shares of common stock at $11.06 per share on May 15, 2025.

Summary

• On May 15, 2025, Peter Downs, a Director and President of Newtek Bank, N.A. at NewtekOne, Inc., acquired 500 shares of common stock.
• The purchase price was $11.06 per share.
• Following the transaction, Downs directly owns 93,685 shares of NewtekOne, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of an insider transaction. The purchase itself could be seen as slightly positive, but the filing is simply a regulatory requirement.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal, potentially increasing investor confidence.

Key Dates

Keywords

NewtekOne, Peter Downs, stock acquisition, Form 4, beneficial ownership, insider trading