Form 4: NewtekOne Director Richard Salute Acquires 500 Shares of Common Stock

Director Richard Salute purchased 500 shares of NewtekOne, Inc. (NEWT) common stock at a price of $11.7299 per share on September 20, 2024.

Summary

• On September 20, 2024, Richard Salute, a director of NewtekOne, Inc. (NEWT), acquired 500 shares of the company's common stock.
• The purchase price was $11.7299 per share.
• Following the transaction, Mr. Salute directly owns 33,117 shares of NewtekOne common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the small number of shares purchased doesn't indicate a strong conviction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings are closely watched by investors as they can provide insights into management's view of the company's prospects.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates